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US-Iran Talks in Switzerland Target Final Deal Within 60 Days, Agree on Hormuz Hotline and Lebanon Ceasefire Oversight
Mediators said the sides will pursue a final deal within 60 days and set up channels on maritime security and Lebanon.
United States and Iranian officials concluded first-round talks in Switzerland on Monday, agreeing to a 60-day roadmap toward a final agreement at the Lake Lucerne Summit in Burgenstock, mediated by Pakistan and Qatar.
Vice President JD Vance opened talks Sunday under a memorandum of understanding aimed at extending a tenuous ceasefire from April for at least 60 days.
Negotiators established a direct communication channel for the Strait of Hormuz to prevent incidents and a Lebanon-focused de-confliction mechanism to monitor adherence to military operation terminations.
Iranian Foreign Minister Seyed Abbas Araghchi stated Monday there was "major progress" in talks, citing waived oil exports and released frozen assets; technical talks continue throughout the week at Burgenstock.
The High-Level Committee will supervise the mediation process, with chief negotiators leading working groups on nuclear and sanctions issues as the summit concluded in a "positive and constructive atmosphere.
World Business Report discuss market reaction to US-Iran talks, including a suspension of Iranian oil sanctions and a 60-day roadmap to ease Lebanon fighting