The United States and Iran on Tuesday moved to formalise a 60-day negotiating framework that would reopen the Strait of Hormuz and ease sanctions, but sharp discrepancies over what was agreed threatened to derail the fragile détente hours after the first high-level talks concluded in Switzerland.

Speaking in Washington, President Donald Trump said Iran had accepted “inspections into infinity” of its nuclear programme and that $6 billion in frozen funds held in Qatar would be unlocked for purchases of US medical supplies and crops. “If Iran violates the agreement, I’ll do what I have to do,” Trump warned, adding that the Strait of Hormuz was now open and that Iran would never possess nuclear weapons. He also criticised NATO allies for failing to support the US during the recent conflict, telling reporters in the Oval Office that “they were not there for us.”

Tehran immediately contradicted Washington’s account. Iran’s Parliament Speaker Mohammad Bagher Ghalibaf declared that the Islamic Republic would manage Hormuz itself, while the Foreign Ministry said missile capabilities had never been on the table and that damaged nuclear sites would not be opened to International Atomic Energy Agency inspectors. Masoud Pezeshkian, Iran’s president-elect, insisted that strict adherence to the Islamabad Understanding was essential for talks to succeed, warning that any deviation could derail efforts to end the war in Lebanon and secure safe passage through the strait.

Oman and Iran announced the creation of a joint foreign-ministry committee to negotiate the future administration of Hormuz, reaffirming safe passage while asserting sovereign rights over their territorial waters. The move follows technical talks in Burgenstock, Switzerland, that concluded on Monday, with both sides agreeing to establish working groups and implementation mechanisms. Pakistani Prime Minister Shehbaz Sharif, who mediated the process, said the first high-level US-Iran committee meeting had made “encouraging progress,” including a 60-day roadmap to a final deal and the formation of a political oversight committee.

G7 leaders last week endorsed the US-Iran memorandum of understanding, praising its framework for easing energy market volatility. Crude futures have eased as initial tanker movements resume, but analysts warn the agreement formalises a two-tier maritime system in which state-aligned energy flows receive preferential treatment. The Pentagon has asked Congress for roughly $80 billion to cover the cost of the Iran conflict, while South Africa’s MTN Group said it could finally exit its stake in Irancell if sanctions relief materialises.

Trump also announced that Americans would be allowed to buy Iranian oil for the first time since the 1980s, a move he said would benefit US farmers. Iran’s central bank governor, however, stated that Tehran was not obligated to purchase American agricultural goods, contradicting the president’s claim that released funds were earmarked for US crops. The discrepancies underscored the fragile nature of the accord, with both sides trading competing narratives hours after the talks concluded.

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Articles

The Latest: Pentagon asks Congress for roughly $80 billion to cover cost of Iran war Irans president is in Pakistan to talk with mediators as negotiations between Tehran and Washington proceed on ending the war

independent · 10 days ago

Iran-US war latest: Iranian banks hit by cyber attack after Trump said millions in frozen funds would be released Iran has denied that it has agreed to the inspections and warned against exaggerations

independent · 10 days ago

Trump was boasting of his ability to buy good maple trees in early days of Iran war, book claims President Trump appeared more interested in redecorating White House grounds than discussing conflict in Middle East in Oval Office meeting with journalists, new book alleges

independent · 10 days ago

Ahead of NATO meeting, Trump blasts allies over Iran war

gdeltproject.org · 10 days ago

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handelsblatt · 10 days ago

Irans Pezeshkian warns US talks need full commitment Masoud Pezeshkian said the success of negotiations with Washington hinges on strict adherence to the Islamabad Understanding, warning that deviation from agreed terms undermines diplomatic progress achieved during Sundays talks in Switzerland and could derail efforts to end the war in Lebanon and reopen the Strait of Hormuz.

yenisafak · 10 days ago

Türkiye says 11 vessels safely exited Gulf via Hormuz since war began Transport Minister Abdulkadir Uraloglu said on Tuesday that 11 Turkish-owned vessels have safely transited the Strait of Hormuz since the conflict began in late February, adding that Ankara is monitoring the region "moment by moment" to ensure the safety of seven remaining ships and their 177 Turkish crew members.

yenisafak · 10 days ago

Israel not party to US-Iran talks, will continue Lebanon operations: Smotrich Israeli Finance Minister Bezalel Smotrich said on Tuesday that Israel is not a party to negotiations between the United States and Iran, vowing that offensive operations in Lebanon will continue until Hezbollah is fully dismantled rather than merely disarmed.

yenisafak · 10 days ago

Cold shoulder at peace talk 🇶🇦🇺🇸At the US-Iran peace talks held near Lake Lucerne in Switzerland, Qatari Foreign Minister Mohammed bin Abdulrahman Al-Thani ignored US Vice President J.D. Vance upon entering the room.It was notable that Al-Thani shook hands with Pakistani Prime Minister Shehbaz Sharif and Army Chief of Staff Asim Munir but left Vance, Trumps right-hand man, empty-handed.The talks ended inconclusively after the Iranian delegation, led by Foreign Minister Abbas Araghchi, left the room following threats from Trump.

yenisafak · 10 days ago

Netanyahu says Israel must break free from dependence after tensions with Trump administration Israeli Prime Minister Benjamin Netanyahu said Israel must reduce its reliance on foreign weapons and build independent military capabilities amid disagreements with the Trump administration over the US-Iran agreement. The remarks came after US Vice President JD Vance sharply criticized Israeli ministers for opposing the deal, warning them not to attack the only powerful ally Israel has.

yenisafak · 10 days ago

Trump: If Iran violates agreement, Ill do what I have to do President Trump warned that if Iran fails to comply with the US-Iran agreement, he will take whatever action is necessary. He confirmed the Strait of Hormuz is now open and emphasized that Iran will never possess nuclear weapons. He also criticized NATO allies for not supporting the US during the Iran conflict, saying they were not there for us.

yenisafak · 10 days ago

Trump says Iranian funds will be used exclusively to buy US goods President Trump announced that any funds released by the US Treasury will be held in escrow and strictly controlled, limited to purchases of American-made humanitarian goods—particularly corn, wheat, and medical supplies. He said the funds would support US farmers while addressing Irans humanitarian crisis. The Treasury issued a temporary 60-day license for Iranian oil sales.

yenisafak · 10 days ago

Verhandlungen zwischen USA und Iran: „Daran wäre früher nicht einmal zu denken gewesen Iran sehe sich durch den Ausgang des Konflikts mit den USA gestärkt, sagt der frühere US-Beauftragte für Iran, Robert Malley. Das zeige sich an den Forderungen des Regimes. mehr...

taz.de · 10 days ago

Iran, Oman agree joint committee on Strait of Hormuz shipping Iran and Oman have agreed to form a joint foreign-ministry committee on the future management of shipping through the Strait of Hormuz, a joint statement says, while reaffirming safe passage and their sovereignty over the waterway.

intellinews · 10 days ago

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gazeta.pl · 10 days ago

Trump agrees to allow Iran to access $6bn of frozen funds to buy US goods President says that money held in Qatar to be used to buy US medical supplies and crops

financial times · 10 days ago

Iran sharply contradicts the US, pushing its own view of framework deal Shortly after the first high-level US-Iran negotiations ended, discrepancies emerged over what the two sides actually agreed, as Tehran moved to directly contradict US Vice President JD Vances statements, prompting US President Donald Trump to reject Irans claims.

euronews · 10 days ago

The Iran Deal Obscures the Coming Test for Global Shippings Two-Tier Resilience G7 leaders last week endorsed the US-Iran memorandum of understanding, praising the framework for reopening the Strait of Hormuz and easing energy market volatility. Crude futures have eased as initial tanker movements resume. Yet this surface calm masks a deeper structural shift: the agreement formalizes a two-tier maritime system where state-aligned energy flows receive preferential […]

brussels morning · 10 days ago

The Bürgenstock Moment and What Pakistan Must Do With It Early Monday morning, as Lake Lucerne reflected the first light over the Bürgenstock resort, something unusual happened in the history of American foreign policy. Foreign Minister Abbas Araghchi of Iran declared publicly that tireless Pakistani and Qatari mediation has delivered major progress to end the Lebanon War. Iran, which has spent decades treating Washington with […]

brussels morning · 10 days ago

First high-level US-Iran meeting yields encouraging progress, Pakistani PM says Prime Minister Shehbaz Sharif announced that the first high-level US-Iran committee meeting in Switzerland made encouraging progress, including agreement on a 60-day roadmap to a final deal, establishment of a political oversight committee, and commencement of technical talks. Pakistan will continue its mediating role, and Qatar was thanked for its critical support.

yenisafak · 10 days ago

Qatari PM urges caution on US-Iran talks, warns of external factors Qatari Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani called for caution in US-Iran talks, warning that external circumstances could still affect negotiations despite both sides will. He said the recent memorandum provides an institutional framework requiring regular meetings, and that the framework presented in Switzerland was positive.

yenisafak · 10 days ago

Hormuz oil spill reaches Pakistan coast after US-Iran strikes A thick crude oil slick, likely from tankers hit during US-Iran strikes in and around the Strait of Hormuz, has coated a 20-kilometer stretch of Gwadars coast in southwestern Pakistan. Authorities are investigating three possible sources, including tanker strikes, Iranian exports, and the bombing of Kharg Island. Cleanup is underway, but marine life, including endangered green sea turtles, has already been affected.

yenisafak · 10 days ago

Fidan, Qatari PM discuss Iran-US peace talks by phone Turkish Foreign Minister Hakan Fidan and Qatars Prime Minister and Foreign Minister Mohammed bin Abdulrahman Al Thani discussed the first round of US-Iran peace talks in Switzerland by phone. No further details were provided.

yenisafak · 10 days ago

Iran: No obligation to buy US farm goods under agreements Central Bank Governor Abdolnaser Hemmati has stated that Iran is not obligated to purchase agricultural products from the United States under signed agreements. He added that unfrozen funds are not limited to US purchases, contradicting President Trumps claims that Iran must use released assets for American food imports.

yenisafak · 10 days ago

Trump says Iran sanctions relief will aid US farmers US President Donald Trump said on Monday that any sanctions relief granted to Iran would largely benefit American farmers, warning that Tehran must honor its commitments under a newly signed 60-day negotiating framework or face consequences while claiming the Strait of Hormuz is now fully open.

yenisafak · 10 days ago

Irans chief negotiator in Oman for Hormuz talks Irans Parliament Speaker Mohammad Bagher Qalibaf and top diplomat Abbas Araghchi arrived in Muscat on Monday for consultations on a new framework for managing the Strait of Hormuz, following high-stakes negotiations with US officials in Switzerland under Pakistani and Qatari mediation.

yenisafak · 10 days ago

Iran excludes missile program from US talks, bars IAEA inspections Irans Foreign Ministry announced Tuesday that Tehrans missile capabilities were never on the table during negotiations with Washington in Switzerland and explicitly ruled out granting International Atomic Energy Agency inspectors access to nuclear facilities damaged during the recent conflict with the US and Israel.

yenisafak · 10 days ago

Türkiye can once again change the course of history! If the US and Iran reach a real agreement in the Swiss talks, what kind of power map will emerge in the region? Will Iran, weakened by war and with its regional power broken, gain strength, or will it remain a weakened state confined to its own mainland? Or will it be marketed as a state that "won a victory against the US"? What will happen to the relationship between the Gulf countries, which suffered heavy Iranian attacks, and Iran after this? Will the Gulf Arab states realize that the US will

yenisafak · 10 days ago

Iranian president arrives in Pakistan on first overseas trip since war Iranian President Masoud Pezeshkian arrived in Islamabad for his first overseas visit since the US-Israel war began in February. He was welcomed by Pakistans President Zardari and Prime Minister Sharif. The visit aims to convey Irans gratitude for Pakistans mediation efforts and to discuss trade, energy, border security, and regional cooperation.

yenisafak · 10 days ago

Oman, Iran form joint working group on Hormuz navigation Omans Foreign Ministry announced on Tuesday the establishment of a joint working group with Iran to negotiate the future administration of the Strait of Hormuz, as the two littoral states pledged to guarantee safe passage through the strategic waterway while upholding sovereign rights over their territorial waters.

yenisafak · 10 days ago