US and Iranian officials wrapped up their first round of peace talks in Switzerland on June 22, walking away with something diplomats rarely produce: actual progress. The two sides agreed on a 60-day roadmap for a final deal, with Qatar and Pakistan serving as mediators.
Technical discussions are set to continue this week. For crypto markets, the stakes are quietly enormous.
What happened in Switzerland
The talks addressed several of the hottest flashpoints between Washington and Tehran. A ceasefire extension was part of the discussions, along with the reopening of the Strait of Hormuz, a chokepoint through which roughly a fifth of the world’s oil supply passes daily.
Ongoing hostilities in Lebanon were also on the table. Nuclear discussions, however, were deliberately deferred for future rounds of negotiation.
