‘Final deal is the house’: Vance says Switzerland talks with Iran set ‘good foundation’ to end war

Vice President JD Vance said on Monday that peace talks with Iran had created a “good foundation” for reaching a final agreement aimed at ending the war that began in late February, AP reported.

In simpler terms, he described the negotiations as a strong starting point for a possible deal, though no final agreement has been reached yet.

“The final deal is the house,” Vance told reporters. “We set the foundation. We haven’t built the house, but we’ve laid a successful foundation to get to a good place for the American people.”

JD Vance described the peace talks with Iran as having created a 'good foundation' for a potential final deal aimed at ending the ongoing war.

The negotiations included discussions on potentially releasing frozen Iranian funds for purchasing American agricultural goods like soy, corn, and wheat to benefit the Iranian people.

The negotiations aimed to address the conflict in Lebanon, establishing a 'de-confliction cell' and a roadmap to avoid further hostilities between Iran-backed Hezbollah and Israel.

Yes, Iranian officials have indicated that the continued discussions signal major progress towards reaching a final agreement.

Key topics included the end of hostilities in Lebanon, mechanisms to ensure the Strait of Hormuz remains open, and addressing the release of frozen Iranian assets.

JD Vance spoke after completing an extended round of initial talks on Monday with Iran’s parliamentary speaker Mohammad Bagher Ghalibaf, aimed at paving the way toward a durable end to the ongoing war between the two nations.

The mediation process, hosted in Switzerland, began on Sunday and ran into the early hours of Monday. Although the discussions were at times tense, they still produced some points of agreement between the two sides.

The vice president also indicated that the U.S. administration may consider releasing frozen Iranian funds to allow purchases of American agricultural goods such as soy, corn, and wheat.

He added that Jared Kushner, a leading U.S. negotiator, developed the proposal in coordination with officials from Qatar.

Vance said Qatar would have approval over the process, but Iranian money that would be accessible as sanctions were lifted “would actually go to buy American soy, American corn and American wheat for the benefit of the Iranian people.”

Mausam Jha is a journalist who focuses on world affairs and politics. She provides clear, informative reporting with a good understanding of both global events and their local impact. <br><br> Her clear, accessible reporting on political and international issues makes her a trusted source of news and analysis. <br><br> For the past three years, Mausam has worked with Mint, covering national politics, IR—including elections—and global affairs.<br> Before joining her current role, she gained experience working with The Statesman, ANI, and Financial Express, where she honed her skills in political and international news. <br><br> She has consistently tracked key electoral battles, including US elections, Japan elections, policy debates, and strategic affairs, explaining how global currents, from great power competition to regional conflicts <br><br> Beyond journalism, Mausam has a deep engagement with international relations, diplomacy, war studies, terrorism, political history, and political theory. She is particularly interested in the intersection of statecraft and society on how governance, ideology, and institutions shape lived realities, and how politics shape today's world order. <br><br> An avid reader of classical literature and political thought, she constantly explores the connections between historical ideas and contemporary policy challenges.

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