US-Iran Deal Roadmap
U.S. and Iran Agree on Encouraging 60-Day Roadmap After Swiss Talks
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Key Points
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Pakistan’s Prime Minister Shehbaz Sharif said the first High-Level Committee meeting produced “encouraging progress,” describing the session as held in a “positive and constructive atmosphere” and specifically crediting mediators: he thanked Qatar (“critical support”) and also noted Switzerland’s “facilitation in hosting these talks,” while commending “the leadership of both the United States as well as Iran.”
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Iran’s foreign minister Abbas Araghchi said the Pakistani and Qatari mediation “has delivered major progress to end [the] Lebanon war,” adding that Iran is adamant that “Israeli attacks on Hezbollah in Lebanon must end as part of any deal,” and noting that “The Israelis are not directly participating in the talks.”
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A Guardian briefing said the U.S. Treasury was preparing a 60-day waiver that would lift sanctions not only on oil and petrochemicals but also “derivatives,” and that “Technical talks between lower-ranked officials will continue for the rest of the week” after the high-level meeting ended.
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ABC News reported that Tehran signaled it was seeking broader conflict de-escalation, including “progress toward ending the war in Iran” and an end to “fighting between Israel and Hezbollah in Lebanon,” indicating how Lebanon and nuclear/incentive issues are linked in Iran’s stated end-goal.
U.S. and Iranian officials wrapped up 18 hours of talks at Switzerland's Bürgenstock Resort, announcing a 60-day roadmap toward a final deal CTV News. Mediated by Qatar and Pakistan, the session produced a new high-level oversight committee and launched technical negotiations on nuclear and sanctions issues. Markets reacted immediately — Brent crude fell 1.5% after the U.S. Treasury cleared a 60-day waiver on oil and petrochemical sanctions WXYZ.
Pakistan's Prime Minister Shehbaz Sharif called the outcome "encouraging progress" reached in a "positive and constructive atmosphere." Iran's Foreign Minister Abbas Araghchi credited mediators for delivering "major progress to end the Lebanon war" Lex18.
How the 60-Day Roadmap and Treasury Waiver Work
The roadmap gives both sides roughly 60 days — until an August 21 deadline — to reach a comprehensive deal WCPO. To keep Iran at the table, the U.S. Treasury issued a 60-day waiver lifting sanctions on oil, petrochemicals, and their derivatives. That move eases near-term economic pressure on Iran while preserving U.S. leverage for later rounds if progress stalls.
Technical talks between lower-ranked officials continue for the rest of the week, according to a Guardian briefing. A de-confliction hotline was also set up to prevent maritime incidents in the Strait of Hormuz — the waterway that carries roughly 20% of the world's oil. Iran had effectively closed the strait during the conflict, costing its own economy an estimated $500 million per day NewsChannel5.
Lebanon's War Is Tied Directly to Any Final Deal
Iran is insisting that Israeli strikes on Hezbollah in Lebanon must stop as part of any agreement. Araghchi stated plainly: "Israeli attacks on Hezbollah in Lebanon must end as part of any deal." He also noted that "the Israelis are not directly participating in the talks" CTV News.
A tripartite de-confliction cell involving the U.S., Iran, and Lebanon will monitor any ceasefire in the region. More than 4,000 casualties have been reported in Lebanon since fighting escalated in early 2026. Iran frames ending the Lebanon war not as a side issue, but as a core condition — directly linking it to any nuclear concessions it might make Lex18.
Qatar and Pakistan Kept the Talks From Collapsing
The Iranian delegation briefly walked out on June 21 after President Trump posted threats of "renewed attacks" on social media. Qatari mediators stepped in and brought the Iranians back for an overnight session WXYZ. Qatar's Prime Minister Sheikh Mohammed bin Abdulrahman Al-Thani was described as critical in managing that shaky start.
Sharif publicly thanked Qatar for its "critical support" and Switzerland for "facilitation in hosting these talks." The two mediators also helped build the structural framework — including the Islamabad Memorandum of Understanding and the new high-level oversight committee — that gives the roadmap real teeth beyond a handshake agreement WCPO.
Nuclear Inspectors, Frozen Assets, and What Comes Next
Vice President JD Vance led the U.S. delegation and indicated that Tehran has signaled it will allow IAEA inspectors — the United Nations' nuclear watchdog — to return to Iran. That step is seen as a key requirement before detailed nuclear talks can begin. Iran holds roughly $100 billion in frozen assets abroad, and freeing those funds is a top Iranian priority NewsChannel5.
Hardline factions in Tehran, including the IRGC, remain skeptical. Iranian state media has downplayed the nuclear dimension of the talks, framing the deal instead as a "U.S. retreat" forced by Iran's closure of the Strait of Hormuz. Israel, meanwhile, has vowed to maintain its buffer zone in Lebanon — and was not a party to the Switzerland talks CTV News.
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