Iran on Tuesday (June 16, 2026) said talks with the United States on its nuclear programme and sanctions relief would likely begin later this week, as U.S. President Donald Trump’s announcement that the Strait of Hormuz would reopen sent oil prices tumbling.
Officials say negotiations over a final deal will take place within a 60-day window after the memorandum of understanding to end nearly four months of war triggered by U.S.-Israeli strikes on Iran is physically signed.
A U.S.-Iran deal aimed at ending the West Asia war will be signed at Switzerland’s mountainside Burgenstock resort on Friday (June 19, 2026), the Swiss Foreign Ministry confirmed to AFP.
The site, located near Lucerne in central Switzerland, is difficult to access and therefore easily secured. It “was proposed by the Pakistani and Qatari mediators, as well as by the US and Iran”, Switzerland’s Foreign Ministry said.
U.S.-Iran deal: Iranian FM Araghchi says end of war includes end of Israel’s occupation of Lebanon.
Foreign Minister Abbas Araghchi said on Tuesday (June 16, 2026) that the end of the Iran war included the end of Israel’s occupation of Lebanon, state TV reported.
Iranian state television quoted the top official making the comment to foreign diplomats in a briefing. It did not air the remarks, but put them in an on-screen graphic.
U.S.-Iran deal allows Tehran to immediately sell oil
The U.S. will allow Iran to immediately begin selling oil and fuel under the memorandum of understanding the two sides reached to end war, the Wall Street Journal reported today, citing people familiar with the agreement.
The provision for waiving sanctions on Iranian oil sales takes effect once the agreement is signed this week and also covers services including banking, transportation and insurance to facilitate the sales, the newspaper reported the people saying.
