Talks continue over the U.S.-Iran peace deal
By Nino Kopaleishvili
Monday, June 22, 2026
Negotiations take place in Switzerland
As talks over the U.S.- Iran interim agreement have started in Switzerland at the weekend, the Iranian government took the initiative to close the Strait of Hormuz on Saturday due to truce violations in Lebanon.
The high-level negotiations over the preliminary agreement between the U.S. and Iran have taken place on Sunday with technical - level discussions, according to schedule. On Sunday, June 21 U.S. Vice President JD Vance has arrived at a Swiss resort, Bürgenstock, owned by Qatar to lead the talks.
The U.S. delegation is also represented by U.S. President Donald Trump's Special Envoy Steve Witkoff and his son-in-law Jared Kushner, Aljazeera news reports.
Earlier last week U.S. President Trump signed the U.S - Iran deal document while he was attending the dinner at Versailles on Wednesday, June 17.
Following an announcement of the U.S.- Iran agreement last week, oil prices fell by 4.7%, which amounted to approximately USD 83 a barrel, as reported by Yahoo Finance.
Over the weekend, the early reopening of the Strait of Hormuz and decreasing prices on oil as a response to the initiated U.S.-Iran deal, has been brought to a halt. The closure of the Strait of Hormuz is caused due to an escalated Israeli- Hezbollah conflict in Lebanon, however, the U.S. and Iranian governments are to continue talks over the Memorandum of Understanding this week.
According to Reuters, U.S. Vice President Vance confirmed on Saturday that he planned to visit Switzerland to advance talks with Iran over the peace deal. The Reuters reports that a delegation from Tehran left for Switzerland on Saturday to participate in negotiations. The Iranian delegation includes Speaker of Parliament Mohammad Bagher Qalibaf and Foreign Minister Abbas Araghchi.
The 14-point Memorandum of Understanding (MoU) provides a guarantee of intactness to the government of Iran and tangible monetary aid provided that the requirements of the agreement are fully met.
BBC reports that the MoU proposes waivers for Iranian oil exports, lifting sanctions on Iranian assets and "a reconstruction and economic development plan for Iran worth at least $300bn (GBP224bn)."
The document signed separately by U.S. President Trump and Iranian President Masoud Pezeshkhian allows a 60-day framework to finalise negotiations over Iran's nuclear programme. The document also calls a halt to all military operations, including fighting between Israel and Hezbollah in Lebanon.