Meanwhile, the US and Iran have offered conflicting statements, including on nuclear inspection, as negotiators push for a final agreement within a 60-day deadline. Iran has dismissed claims that it will allow nuclear inspectors once again into the country, after US President Donald Trump said Tehran had agreed to the “highest level” of monitoring, Al Jazeera reported.

In a social media post on Truth Social, Trump had 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.

Meanwhile, the UN’s International Maritime Organization (IMO) has started evacuating more than 11,000 seafarers stranded in the Gulf waters because of the war against Iran. While Iran has been pushing for a charge to be levied on ships passing through the Strait of Hormuz, the US Secretary of State Marco Rubio has warned no country should impose tolls.

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.

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