US Waives Iran Sanctions as Trump Warns Tehran Over Future Conduct

The United States has announced temporary sanctions relief for Iran as negotiations move forward toward a broader diplomatic agreement aimed at easing regional tensions.

During talks held in Buergenstock, Switzerland, representatives working through mediators Pakistan and Qatar agreed on a roadmap to pursue a permanent agreement within the next 60 days, building on an interim deal reached last week.

As part of the understanding, both sides also established a framework designed to reduce tensions in Lebanon and opened a communication channel intended to support safe commercial shipping through the Strait of Hormuz, a critical global energy route.

In an initial economic relief measure, the U.S. Treasury issued a sanctions waiver valid until August 21, allowing Iran to export oil and related products and receive payments.

Officials reported reduced fighting in Lebanon under the arrangement, although Israel said it would continue maintaining a security presence in southern Lebanon and act against perceived threats.

Oil markets reacted to the diplomatic developments, with crude prices extending declines after earlier losses as concerns over regional supply disruptions eased.

U.S. Vice President JD Vance described the discussions positively, saying the talks created a foundation for a potential long-term agreement. According to U.S. officials, discussions also included inspections and financial arrangements tied to frozen Iranian assets.

President Donald Trump said Iran would be expected to cooperate with weapons inspections to ensure what he called “nuclear honesty,” warning that the United States would respond if Tehran failed to meet expectations.

Iran, however, signaled caution. Iranian officials said nuclear commitments had not yet been finalized and emphasized that discussions remain ongoing. Tehran also stated that sanctions relief includes access to some frozen assets and support for reconstruction and economic development.

Questions remain over how released funds would be managed, with U.S. and Iranian officials offering differing interpretations of spending conditions.

The next phase of negotiations is expected to determine whether the interim understandings can develop into a lasting regional agreement.