US Waives Oil Sanctions as Iran Contradicts Nuclear Return Claims

The United States and Iran have started talks in Switzerland to negotiate a final peace deal. Qatar and Pakistan have acted as mediators during these critical meetings in the Swiss resort of Bürgenstock. According to their statement, both sides agreed to a roadmap to reach a deal within sixty days. US Vice-President JD Vance pointed out that these discussions have laid a very good foundation for future peace.

During the meetings, the negotiators discussed the reopening of the Strait of Hormuz and regional ceasefires. To prevent incidents, the mediators have set up a communication line for commercial vessels in the area. In addition, the participants decided to create a de-confliction cell between the United States, Iran, and Lebanon.

This progress occurred as the US Treasury waived sanctions, which allowed Iran to sell oil in US dollars. The emergency licence authorizes the production, sale, and delivery of Iranian crude oil until August 21. For the first time in decades, Iran can import crude oil directly into the United States. Although the embargo has historically choked Iran's economy, this new waiver unlocks banking transactions, insurance, and transport.

However, a serious disagreement has emerged regarding the return of international nuclear inspectors. JD Vance told reporters that talks with the International Atomic Energy Agency might begin very soon. He expected the inspection process to start this week, and Donald Trump confirmed this expectation online.

Negative responses arose as Iran's foreign ministry spokesman, Esmail Baqai, denied these claims during a state media interview. He stated that Tehran has made no new commitments regarding inspectors. He argued that any future cooperation must follow existing rules that the parliament has established.