Frozen copy retrieved 2026-06-16T21:28:00Z for audit 2026-06-17T01-02-05Z. Original URL: https://www.france24.com/en/live-news/20260616-iran-says-talks-on-final-us-deal-to-begin-this-week. The Stochastic Parrot does not host or redistribute; this snapshot exists solely so that quoted spans remain verifiable if the original page changes. Character offsets below index into this plain text; highlighted spans are the quotes cited in the audit.

Iran and US to embark on two months of peace talks Friday

France 24 (AFP) · back to the audit
The United States and Iran are to launch talks on a final settlement to their conflict on Friday in Switzerland, officials said, as news that the Strait of Hormuz will reopen sent world oil prices tumbling.

Negotiations over a final deal are to start immediately after a signing ceremony and continue during a 60-day window, leading to decisions on the fate of Iran's nuclear programme and a plan for the lifting of international economic sanctions.

Friday's signing ceremony will take place at Switzerland's mountainside Burgenstock resort, perched high above Lake Lucerne, the Swiss foreign ministry said.

According to a senior US official, speaking on condition of anonymity, the framework agreement has already been signed electronically by President Donald Trump, Vice President JD Vance, Iran's deputy foreign minister Majid Takht-Ravanchi and top negotiator Mohammad Bagher Ghalibaf.

The developments came after Trump said an Iranian blockade on the crucial Hormuz strait oil and gas route would be fully lifted by Friday, in a major boost to the global economy. "Ships are starting to move, many loaded up with Oil, out of the Strait of Hormuz," Trump said Monday.

Optimism over the reopening of Hormuz has sent the price of the international benchmark Brent North Sea crude tumbling 5.1 percent to just under $79 a barrel. The main US oil contract, West Texas Intermediate, dropped 5.8 percent to slightly over $76 a barrel.

The US had, in retaliation for Iran's action, imposed its own blockade on Iranian ports. But Iranian state television said Iranian tankers had resumed shipping following the deal, as Takht-Ravanchi said the US blockade "has been lifted prior to the formal signing".

Sporadic episodes of violence since an April ceasefire had threatened a deal, but weeks of indirect negotiations mediated by Pakistan and Qatar built momentum for an interim deal.

In a flurry of interviews to talk up the deal, Vance said no US taxpayer money would go to Iran under the deal, as Iranian media reported $12 billion of frozen assets would be released. Vance told NBC that nuclear inspectors would also be allowed to enter Iran.