US and Iran see signs of progress over Lebanon and the Strait of Hormuz as 60-day deadline is set for final deal
Washington and Tehran have agreed on new mechanisms to reduce the risk of escalation, while oil prices fell after the announcement. Deep differences remain over Iran’s nuclear programme
US and Iran make progress in Switzerland talks with 60-day roadmap and Hormuz mechanism
Technical teams will now continue negotiations on sanctions, oil exports and frozen Iranian assets, as Trump’s Strait of Hormuz remarks unsettle markets
Congestion in the Strait of Hormuz as US–Iran agreement revives shipping – Oil exports resume (videos)
The first major oil shipments are passing through the Strait again as shipping activity restarts, though shipping and insurance market officials remain cautious despite the increased movement