U.S. waives Iran sanctions as peace talks progress and fighting in Lebanon lowers
The U.S. has waived sanctions on Iran for 60 days, signalling progress in peace talks and reports of reduced fighting in Lebanon.Tensions had escalated over the weekend with threats from U.S. President Donald Trump to restart conflict if Iran closed the Strait of Hormuz.
Peace deal progress
U.S. Vice President JD Vance reported that negotiations in Switzerland provided a strong basis for an eventual agreement.
Talks included establishing a roadmap toward a final deal within 60 days, mediated by Pakistan and Qatar.
A communication line was opened for commercial shipping safety through the Strait of Hormuz.
The U.S. Treasury announced a waiver on sanctions, allowing Iran to sell oil and receive payments.
Vance said that Iran agreed to let in nuclear inspectors and manage its frozen assets.
Iran’s Foreign Ministry spokesperson denied that nuclear discussions occurred or new commitments were made.
Iran claims its nuclear programme is peaceful, despite limited inspections by the International Atomic Energy Agency.
During the meeting, Vance addressed weekend tension and stated talks remained productive.
Iranian Foreign Minister Abbas Araqchi noted waivers for oil exports and initial funding for reconstruction plans.
🚨 NOW: JD Vance touts his SUCCESSFUL trip in Switzerland to finalize the Iran peace deal
“All in all, a VERY productive 36 hours.”
“We have the Iranians allowing weapons inspectors, nuclear inspectors into their country for the FIRST TIME in a long time.
We’re obviously going… pic.twitter.com/CK43PTyq55
— Nick Sortor (@nicksortor) June 22, 2026
Ceasefire maintained
Technical discussions will continue for the rest of the week.
The interim agreement seeks to end hostilities, including in Lebanon, after renewed conflict earlier this year.
Although Israel refuses to withdraw troops, a new ceasefire was reached on Friday.
Calm has reportedly returned to areas heavily affected by conflict, with displaced residents starting to return.
Israeli military restrictions near the border with Lebanon have been lifted.
Discussions on maintaining the ceasefire and preventing military escalation are ongoing between leaders.
Israeli President Isaac Herzog acknowledged the possibility of a diplomatic solution, conditional on military restrictions.
