Switzerland tour ends with Iran deal
Iran announced the conclusion of the first round of talks with the United States in Switzerland, which lasted 18 hours. They indicated an understanding to release $12 billion of Iranian frozen assets, divided into two installments. An agreement was also reached to temporarily lift restrictions on oil and petrochemical exports, as well as in the financial and transportation sectors, while sanctions remain in place until a comprehensive deal is reached. Both sides confirmed their commitment to implement the terms of the understanding, with arrangements in place to ensure the security of the Strait of Hormuz and Lebanon’s rights. Meanwhile, the Americans expressed their readiness to swiftly implement any commitments, while Iran reaffirmed its position of mistrust towards the United States.
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