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US Waives Iran Sanctions Amid Fragile Peace Road Map

The United States issued a 60-day waiver on sanctions against Iran this Monday, marking the first tangible step following peace talks in Buergenstock, Switzerland. President Donald Trump warned that while the agreement aims to curb regional hostility, he remains prepared to act if Tehran fails to honor its commitments.

US Waives Iran Sanctions Amid Fragile Peace Road Map

Vice President JD Vance described the meetings as a foundation for a permanent peace deal, citing progress on nuclear transparency and regional security. Mediators from Pakistan and Qatar confirmed that both sides have established a roadmap for a long-term settlement, which includes a mechanism to de-escalate fighting in Lebanon and secure commercial shipping lanes through the Strait of Hormuz. The Treasury’s waiver, effective until August 21, permits Iran to resume oil exports and access specific financial channels.

Discrepancies remain regarding the scope of these negotiations. While Vance claimed Tehran agreed to allow nuclear inspectors back into the country, Iranian Foreign Ministry spokesperson Esmaeil Baghaei stated that nuclear issues have not yet been formally discussed. Further friction emerged over the management of frozen Iranian assets; Trump asserted that funds would be strictly controlled to purchase American agricultural goods, a condition Iranian Central Bank Governor Abdolnaser Hemmati denied, suggesting Tehran intends to use the capital for broader non-sanctioned imports. Technical discussions are scheduled to continue throughout the week as global markets monitor the potential stabilization of oil prices.

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