US and Iranian negotiators were set to engage in a second day of talks Monday in Switzerland after the two sides agreed to a “roadmap” for further technical discussions, according to Pakistani and Qatari mediators, following a first day of talks that got off to a rocky start. Follow our live coverage for all the latest updates.
Key points from the first round of Iran-US talks
Brent falls after US-Iran talks conclude in Switzerland
Brent crude prices slid on Monday after the first day of US-Iran talks concluded in Switzerland with Tehran saying it had secured waivers for oil and petrochemical exports, easing worries about a supply shortage in global markets.
Brent crude fell $1.19, or 1.48%, to $79.38 a barrel by 0416 GMT. Prices had climbed to $82.30 at the start of trading, fuelled by a bumpy start to the talks with threats from President Donald Trump to restart the war on Iran and Tehran’s announcement it had again closed the Strait of Hormuz.
Iran-US agree to ‘roadmap’ for further talks after ‘encouraging’ start, mediators say
Iran and the US have agreed to set up communications lines to keep the vital Strait of Hormuz open and end fighting in Lebanon, mediators said, after their first round of talks in Switzerland toward ending the war in the Middle East.
The teams led by US Vice President JD Vance and Iran’s Mohammad Bagher Ghalibaf opened talks Sunday, as part of a two-month negotiating period set out under a preliminary deal agreed last week.
Mediators Pakistan and Qatar said the negotiators reached agreement on a “roadmap towards reaching a final deal within 60 days”, with technical talks to continue for the rest of the week at the Swiss resort of Burgenstock.
“Encouraging progress has been made including the creation of a mechanism for further technical talks,” they said, detailing a contact channel set up to “avoid incidents and miscommunication” at the Strait of Hormuz.
A “de-confliction cell”, between the parties and the Lebanese authorities has also been agreed to prevent fighting from erupting again, they said.
Iran-US talks enter second day after rough start
Negotiators from the US and Iran were set to engage in a second day of talks Monday to solidify a permanent end to the war between the countries, after a first day of mediation began with a rocky start.
Mediators Qatar and Pakistan hailed what they called “encouraging progress” made during the talks. A senior US diplomat claimed progress on multiple fronts, including the establishment of “mechanisms” to ensure the Strait of Hormuz, a vital waterway for global energy shipments, remains open and that a ceasefire in southern Lebanon holds.
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