The United States granted Iran a 60-day sanctions waiver on Monday, offering Tehran its first significant economic relief under a newly brokered peace agreement while President Donald Trump warned that Washington would respond forcefully if Iran failed to honor its commitments.
The move followed the first round of negotiations between U.S. and Iranian officials in Switzerland, where both sides agreed on a roadmap aimed at securing a permanent peace accord within the next 60 days. The talks, held at the Bürgenstock resort and mediated by Pakistan and Qatar, marked the most substantial diplomatic engagement since the interim agreement signed last week.
The U.S. Treasury's waiver, effective until Aug. 21, allows Iran to resume oil and related product exports and receive payments, providing a critical boost to an economy battered by years of sanctions and months of conflict.
Vice President JD Vance struck an optimistic tone after the negotiations, describing the discussions as a productive first step toward a broader settlement.
"We laid a very good foundation for a successful final deal," Vance told reporters, adding that the framework addressed issues ranging from ceasefire implementation to the handling of Iranian assets frozen abroad.
