Overview
- United States and Iran held technical talks in Switzerland on June 21–22 that created a High Level Committee and a roadmap aiming to produce a final agreement within 60 days.
- The U.S. Treasury issued a temporary 60‑day license allowing Iran to produce, sell, and deliver oil, a move intended to reopen the Strait of Hormuz to commercial traffic.
- U.S. officials say Iran agreed to admit International Atomic Energy Agency inspectors, but Iranian spokespeople have denied any new commitments and have said the IAEA may not visit sites damaged in prior strikes.
- Tehran and U.S. accounts clash over frozen funds: Iranian officials and state media reported a roughly $12 billion release while U.S. officials say assets have not been unfrozen and would be released only under monitored, conditional arrangements.
- Negotiators set up a Hormuz hotline and a Lebanon de‑confliction cell to limit maritime disruption and Israel‑Hezbollah escalation, yet ongoing Israeli operations and Hezbollah opposition leave the 60‑day window fragile and put civilian commerce and lives at risk.