The United States on Monday granted Iran a 60-day sanctions waiver following the first round of discussions under a newly emerging peace arrangement. US Vice President JD Vance said meetings with Iranian representatives in Switzerland had created a solid basis for a comprehensive peace accord.

US-Iran MOU lifts oil export sanctions, ends naval blockade, and opens a 60-day window for a comprehensive deal including a $300B reconstruction fund.

The United States temporarily suspended sanctions on Iranian oil on Monday after Vice President JD Vance said Iran would let UN nuclear inspectors return to the country, following…