Speaking after talks in Switzerland, Vance acknowledged there had been “a little bit of threatening” and “a little bit of whining” during the discussions but said the two sides had established a “good foundation for a successful final deal”. He added that IAEA inspectors could return to Iran as early as this week, describing the move as the first step towards permanently ending any Iranian nuclear weapons programme.
The two countries also agreed to create coordination mechanisms aimed at de-mining the Strait of Hormuz and overseeing the ceasefire process in Lebanon. Vance said discussions on Lebanon would remain ongoing, while technical negotiations between US and Iranian officials are set to continue in Switzerland over the coming days and weeks.
On sanctions relief, Vance outlined a proposal under which any unfrozen Iranian assets would be used to purchase US agricultural products, including soybeans and wheat, rather than being diverted towards activities linked to terrorism.
Iranian officials separately indicated progress on releasing some of the country’s estimated $24 billion in frozen assets, though US officials have not publicly confirmed any agreement.
Also Read: Iran negotiations end, technical talks will continue after Trump shakes talks with threats
The talks form part of a 60-day diplomatic process launched by President Donald Trump aimed at transforming a fragile ceasefire into a broader regional peace framework.
The proposed arrangement includes discussions on sanctions relief, economic rehabilitation, freedom of navigation through the Strait of Hormuz and limits on Iran’s nuclear activities, with the administration arguing that diplomacy offers the best route to long-term regional stability.