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market · Livemint · 23 Jun 2026

US-Iran news LIVE: JD Vance says talks with Iranians set 'good foundation' for a deal to end the US-Iran war

US-Iran news LIVE: US Vice President JD Vance, who was in Switzerland to attend the US-Iran talks, on Monday said that his lengthy talks with senior Iranian officials created a “good foundation for a successful final deal” as they seek a permanent end to the war that the US and Israel began in late February. Vance and US officials claimed progress on several fronts, including the establishment of “mechanisms” to ensure the Strait of Hormuz, a key waterway for global energy shipments, stays open and to address fighting between Israel and Hezbollah in Lebanon, where a ceasefire appeared to be holding.

Iran ready for "major weapons inspection" to ensure "nuclear honesty", says Trump

US President Donald Trump on Monday reiterated Vice President JD Vance's assertion that Tehran is prepared to accept extensive weapons inspections as part of broader diplomatic efforts following recent talks between Washington and Tehran in Switzerland under the 14-point memorandum of understanding (MoU). In a Truth Social post, Trump said, "Everybody is fully aware that Iran will agree to have Major Weapons Inspections in order to ensure 'Nuclear Honesty' long into the future."

Strait of Hormuz administration will never return to pre-war situation: Iranian official

Iranian Parliament Speaker Mohammad Bagher Ghalibaf, who attended the US-Iran talks in Switzerland, praised the negotiating team for lifting the naval blockade through diplomatic means, adding that “the administration of the Strait of Hormuz would never return to the pre-war situation”. He said, "We were and are distrustful of the Americans, and it is a condition of reason that we will continue to be distrustful in the future."

Ghalibaf also added, "If we had wanted to do this by military means, it would naturally have been a war and would have caused damage; but you saw that the blockade was lifted overnight.” Referring to the Israeli government, he said, "The Zionist regime is strongly opposed to the negotiation process because it sees its own destruction in this path and wants to sabotage it."

Iran oil waiver offers support to Tehran as negotiations proceed

Washington issued a 60-day license to Tehran allowing the Islamic Republic to sell oil on the international market, providing the country with an economic lifeline as the two sides continued talks for a permanent peace deal.

Iran hailed the waiver to allow energy sales after years of stringent sanctions and the promise of a reconstruction and development fund. Still, Tehran signaled it wouldn’t relent on using leverage over Hormuz if Israel continues fighting in Lebanon, Bloomberg reported. When Trump was asked regarding the sanctions waiver for Iran oil, the US President appeared to confuse the issue with the future release of Tehran's frozen assets. When pressed further about how he could ensure Tehran wouldn’t use oil profits to rebuild its military, he said, “They’re not supposed to be doing that," and added, “They’re supposed to use money to buy food for their people, because right now their people are very hungry."

Despite a fragile ceasefire with Hezbollah, Israel has once again continued with its threats against Lebanon.

In a post on X, Benjamin Netanyahu's office wrote, “The [Israeli army] will continue to act with determination in order to neutralize threats against our soldiers and our citizens, demolish terrorist infrastructure, and maintain the security zone in southern Lebanon.”

Iran's Parliament Speaker Ghalibaf said, “the administration of the Strait of Hormuz would never return to the pre-war situation,” and added that Tehran is distrustful of the Americans.

US Vice President JD Vance attended the US-Iran talks in Switzerland and said that the negotiations with senior Iranian officials created a “good foundation for a successful final deal."

Swati Gandhi is a digital journalist with over four years of experience, specialising in international and geopolitical issues. Her work focuses on foreign policy, global power shifts, and the political and economic forces shaping international relations, with a particular emphasis on how global developments affect India. She approaches journalism with a strong belief in context-driven reporting, aiming to break down complex global events into clear, accessible narratives for a wide readership.<br><br>

Previously, Swati has worked at Business Standard, where she covered a range of beats including national affairs, politics, and business. This diverse newsroom experience helped her build a strong grounding in reporting, while also strengthening her ability to work across both breaking news and in-depth explanatory stories. Covering multiple beats early in her career has helped her be informed about her current work, allowing her to connect domestic developments with wider international trends.<br><br>

At Live Mint, she focuses on international and geopolitical issues through a business and economic lens, examining how global political developments, foreign policy decisions, and power shifts impact markets, industries, and India’s strategic and economic interests.<br><br>

She holds a Bachelor’s degree in English (Honours) from the University of Delhi and a Master’s degree in Journalism and Mass Communication from Guru Gobind Singh Indraprastha University. Her academic training has shaped her emphasis on precision, analytical rigour, and clarity in writing. Her interests include global political economy and the intersection of geopolitics with business.<br><br>

Outside work, Swati focuses on exploring her passion and love for food. From fancy cafes to street spots, Swati explores food like a true foodie.

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