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JD Vance

Vessels at the Strait of Hormuz, as seen from Musandam, Oman, June 18, 2026.

US waives Iran sanctions, Trump warns Teheran it must abide by agreement

Tanker traffic through Hormuz picked up on Monday

US Vice-President Vance on Jun 22 said negotiators had “set up the mechanism” to ensure the Strait of Hormuz remains open.

Global Enterprise

US suspends Iran oil sanctions, says nuclear inspectors to return amid optimism after first talks

“I will do what I have to do” if Iran does not stick to its agreement with Washington, says Trump

US Vice-President JD Vance speaks after the US and Iran held high-level talks at the Lake Lucerne Summit, Emmen, Switzerland, June 22, 2026.

Vance says US-Iran talks lay ‘good foundation’ for final peace deal

Technical talks are due to continue for the rest of this week

(From left) US Vice-President JD Vance, Pakistan's Prime Minister Shehbaz Sharif and Qatar's Prime Minister Sheikh Mohammed bin Abdulrahman bin Jassim Al-Thani at the start of US-Iran talks in Switzerland.

Global Enterprise

US, Iran conclude high-level talks in Switzerland, mediators say, amid tensions over Trump’s threats

US and Iran agreed to a roadmap toward a final deal within 60 days

US Vice-President JD Vance (centre) and White House envoy Jared Kushner (left) at the US-Iran talks in the Buergenstock resort in Switzerland on Jun 21.

Global Enterprise

Fresh Trump threat angers Teheran, as US-Iran peace talks open in Switzerland

The Iranian delegation halted talks over Trump’s latest threat and refused to return, reported Iranian media

Knowing that Trump will be reluctant to restart the military campaign – and thus spark fresh economic turmoil – eases the pressure for Iran to end the talks quickly.

NEWS ANALYSIS

Trump’s fears about economy undercut US leverage in Iran talks

The problem for the US is that the deal was skewed in Iran’s favour, giving the country broad gains before the next round of talks even begin

The Iran war has killed at least 7,000 people, mostly in Iran and Lebanon. I

Global Enterprise

US, Iran envoys head for talks, Israeli strikes continue after ceasefire

A halt to the fighting in Lebanon is a condition for starting 60 days of US-Iranian talks

US Vice-President JD Vance emphasised the US believes “international waterways should be free of tolls”.

Global Enterprise

Vance leaves shippers in the dark on potential Iran Hormuz toll

Trump said that Hormuz will be toll free during the first 60 days and thereafter

Negotiators would address difficult issues like the future of Iran’s nuclear programme during the next phase of talks to be held during the 60-day window.

Global Enterprise

US-Iran deal promises end to war but how it will work remains unclear

Shipowners would not sail through Hormuz until they were confident the US-Iran deal was ‘material’, says CEO of Mitsui OSK

US Vice-President JD Vance said Iran’s foreign minister and House speaker will represent Iran at the signing in Switzerland on Jun 19.

Vance hopes to release text of agreement to halt war in Iran this week

He says the US also expects the Strait of Hormuz to be open without tolls on a long-term basis

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