Overview
- The United States and Iran agreed to pursue a final deal within 60 days after high‑level meetings at Bürgenstock in Switzerland on Monday, with mediators Pakistan and Qatar issuing a joint roadmap.
- Mediators said they set up a High Level Committee to give political oversight, a direct communication line for the Strait of Hormuz to prevent incidents, and a de‑confliction cell aimed at ending fighting in Lebanon.
- President Trump’s public threats to ‘take over’ the Strait of Hormuz prompted a brief Iranian protest at the venue and competing accounts of a walkout, with U.S. officials calling some reports misleading.
- Iranian officials publicly claimed waivers for oil exports, releases of some frozen assets and a reconstruction plan while U.S. sources have disputed parts of that account, leaving sequencing of verification and relief unresolved.
- Markets and oil prices moved on the progress, but the truce remains fragile because technical teams still must agree verification steps, asset mechanics and how to lock in Lebanese de‑confliction without Israeli or Hezbollah buy‑in.