US President Donald Trump said Iran has “fully and completely agreed” to long-term nuclear inspections as part of ongoing negotiations between Washington and Tehran. In a social media post on Truth Social, Trump claimed a record 19 million barrels of oil passed through the Strait of Hormuz in a single day and said oil prices were falling as tensions eased. Trump said Iran had accepted “the highest level Nuclear inspections long into the future” and argued the inspections would ensure what he called “Nuclear Honesty”. “If they did not agree to this, there would be no further negotiations,” he said. The US president also announced that he had agreed to allow the Strait of Hormuz to remain open and said no further naval blockade would be imposed for now.

The Iranian ambassador to the UN in Geneva said Lebanon is an unquestionable part of a memorandum of understanding peace agreement, adding that there should be no further attacks on Lebanon and that the agreement includes the withdrawal of Israeli forces.

5 things from the Switzerland talks 

• Conflicting claims on nuclear inspectors: Vance said Iran agreed to admit UN nuclear inspectors “this week.” Iran’s foreign ministry said it had made “no new commitments” on the issue.
• US lifts oil sanctions for 60 days: Washington temporarily suspended oil sanctions on Iran, allowing Tehran to sell at market prices and transact in US dollars a major policy reversal.
• Frozen assets signed, but not settled: Iran’s central bank said memoranda were signed to begin releasing frozen assets. Vance said no final agreement had been reached on the complex issue.
• Hotline on Hormuz, de-confliction cell for Lebanon: Both sides agreed to a communication line to reduce Hormuz misunderstandings. A separate Lebanon cell, facilitated by Qatar and Pakistan, was set up to enforce the ceasefire.
• Iran’s nuclear programme left for later: The hardest question  what to do about Iran’s uranium stockpile and enrichment rights  was not resolved. Iran’s president said Tehran would “never back down” from its right to enrich uranium.

Follow The Indian Express Global Desk’s live coverage for the latest updates from West Asia, the diplomatic corridors of Europe, and the evolving legal battles in Washington.