Conclusion of the round of negotiations between Tehran and Washington and Iranian confirmation of the management of the Strait of Hormuz

Tehran reiterated on Tuesday that it will take over the management of the Strait of Hormuz, with the conclusion of the first round of Negotiationsthat began with Washington at the end of the week in Switzerland, in an attempt to put a final end to the war in the Middle East.

On Monday, US Vice President Jay DeVance, who leads his country’s negotiating delegation, said that these talks had established "Basically well" To end the war in the Middle East, at a time when the US Treasury Department announced the suspension of sanctions on Iranian oil for two months.

Vance and Iranian chief negotiator Mohammad Bagher Qalibaf had left the Swiss resort of Bürgenstock on Monday, after a tour Negotiationslasted for 18 hours, mediated by Qatar and Pakistan, and were followed by the signing of a memorandum of understanding between the two parties on Wednesday.

Members of the two negotiating delegations remained in Switzerland to continue the talks "Technology"According to the memorandum of understanding, which includes provisions, including stopping the war on various fronts, including Lebanon, opening the Strait of Hormuz, and lifting the blockade on Iranian ports, while the talks are supposed to lead, within a period of 60 days, to an agreement that focuses primarily on Iran’s nuclear file and sanctions.

According to the Iranian News Agency (IRNA), it was announced that "Kazemabadi, Deputy Foreign Minister and head of the Iranian technical negotiating team, concludes the talks between the four countries and reaches an agreement on the framework of future negotiations."

The agency said in a post on the Telegram application: "It was also decided to form four working groups related to ending sanctions, nuclear affairs, reconstruction and economic development, and monitoring and implementation".

On the other hand, the agency quoted Qalibaf as confirming that the conditions in the Strait of Hormuz will not return to what they were before the war, explaining that the waterway will remain "Under management" His country.

He said that the waterway "It will never return to pre-war conditions, and will be administered by the Islamic Republic of Iran, in line with international law"

The Strait of Hormuz, through which 20 percent of the world’s oil and liquefied natural gas usually passes, was not under the management of any party before the outbreak of war in the Middle East with a US-Israeli attack on Iran on February 28.

Iran also announced on Tuesday that an agreement had been reached with the Americans in Switzerland on the release "Immediate" About $12 billion of its assets frozen under the sanctions.

Kazemabadi told IRNA that these funds will be released. "In two installments worth 6 billion" Dollars.
With regard to oil, the US Treasury Department announced on Monday that "All transactions" Which was "Banned" Previously in relation to the production, sale and transportation of Iranian fuel "Authorized until August 21 at 00:01" Washington time.

Vance confirmed on Monday that releasing any frozen Iranian assets under the memorandum of understanding will ensure that they are not spent on financing… "Terrorism".

He also pointed out that "The Iranians agreed to invite IAEA inspectors to return"adding that this "It represents a huge step for the American people, and the first step towards denuclearization or permanently ending Iran’s nuclear weapons program"

Tehran has always denied Western countries accusing it of seeking to possess an atomic weapon, stressing the peacefulness of its program. But it has stopped visits by inspectors to its nuclear facilities since Israel and the United States bombed it in June 2025.

The round of negotiations that began at the end of the week in Switzerland revived hopes for reaching a permanent settlement to the conflict, while its positive atmosphere was reflected in the price of oil, bringing the price of a barrel of Brent crude from the North Sea back to less than $78, after reaching more than $126 at the height of the war.

Under the memorandum of understanding, the negotiations are supposed to result in a final agreement within a renewable 60-day period.

In the context of Diplomatic moves parallel to the talks: Iranian President Masoud Pezeshkian will pay a state visit to Islamabad on Tuesday, according to the Pakistani Foreign Ministry.

IRNA news agency reported that the Iranian negotiating team led by Ghalibaf went to the Sultanate of Oman specifically to discuss the management of the Strait of Hormuz.

Also, US Secretary of State Marco Rubio is expected to begin a visit to the Gulf on Tuesday that will continue until Thursday, which will include the UAE and Bahrain. And Kuwait, according to what his ministry reported.