header logo
Vallibel FD
vallible LE
Latest
US eases oil sanctions as Iran denies Vance claim on nuclear inspectors
Jun 23, 202607:20 AM
US eases oil sanctions as Iran denies Vance claim on nuclear inspectors
Mobitel inner 1278

Iran has denied a claim by Vice-President JD Vance that it will allow nuclear inspectors back into the country, after the first round of talks between Washington and Tehran to reach a final deal to end the war.

 

Following negotiations in Switzerland, Vance said discussions with the International Atomic Energy Agency (IAEA) could be happening "as soon as today".

 

But Iran's foreign ministry told state media that Tehran had made "no new commitments" on nuclear inspections.

 

It came as the US temporarily waived sanctions, allowing Iran to sell oil in US dollars for the first time in decades.

 

In a joint statement released on Monday, mediators Qatar and Pakistan said that after the first round of talks in the Swiss resort of Bürgenstock, the US and Iran had agreed to "a roadmap towards reaching a final deal within 60 days".

 

Vance described the talks as having laid a "very good foundation".

 

The US vice-president said the teams had discussed the reopening of the Strait of Hormuz and "de-confliction for the regional ceasefire".

 

The 60-day sanctions waiver issued by the US Treasury on Monday dismantles central pillars of Washington's long-running embargo, which has historically choked off Tehran's economy.

 

The emergency licence authorises the production, sale and delivery of Iranian crude and petrochemicals until 21 August.

 

Iranian oil can even be imported directly into the US, under the sanctions relief.

 

It unlocks banking transactions, insurance and transportation and does away with the complex networks that Iran has previously used to sell crude.

 

Treasury Secretary Scott Bessent said that in exchange for the 60-day waiver, Tehran had committed to keeping the vital Strait of Hormuz open and allowing IAEA nuclear inspectors back into the country.

 

Speaking in Switzerland on Monday morning, Vance was asked by reporters when nuclear inspectors would be returning to Iran.

 

He said he expected the process to start "at a minimum this week", but conversations with inspectors "could happen as soon as today".

 

US President Donald Trump also posted on social media that Iran "will agree to have Major Weapons Inspections".

 

However, in an interview with Iranian state news agency Irna, foreign ministry spokesman Esmail Baqai said Tehran had made "no new commitments" on nuclear inspectors.

 

He maintained that any engagement with UN inspectors would take place "under existing procedures set by Parliament and the Supreme National Security Council".

 

The IAEA did not immediately comment.

 

Iran suspended IAEA access to sites bombed by Israel and the US during the 12-day war last summer.

 

The following month, the UN's nuclear watchdog said it had pulled out its remaining inspectors from the country.

 

In 2015, Iran and six world powers – the US, China, France, Russia, Germany and the UK – struck a deal allowing IAEA inspections of nuclear sites in Iran.

 

During Trump's first term, in 2018, he withdrew the US from this agreement, arguing it was a "bad deal".

 

Vance said on Monday that the Iranians had threatened to walk out of the talks on Sunday after Trump warned on Truth Social that the US could "hit Iran very hard again".

 

The US vice-president said he told Iranian negotiators that Trump was merely responding to Iranian "trash talk".

 

On Monday, Trump issued a fresh warning to Iran from the Oval Office.

 

"If Iran doesn't live up to their agreement, or if they're not behaving, I will do what I have to do," the US president said.

 

The Iranian lead negotiators left the talks on Monday, Iranian media said, with technical discussions between the parties due to continue.

 

The Qatari and Pakistani mediators' joint statement said that a "communication line" had been formed "to avoid incidents and miscommunication with the aim of safe passage for commercial vessels through the Strait of Hormuz".

 

Both sides also agreed to the creation of a "de-confliction cell" between the US, Iran and Lebanon, facilitated by the mediating countries, to end military operations in Lebanon, their statement said.

 

Iran's Foreign Minister Seyed Abbas Araghchi said the first "real test" would be Lebanon.

 

Source: BBC

--Agencies 

Disclaimer: All the comments will be moderated by the AD editorial. Abstain from posting comments that are obscene, defamatory or slanderous. Please avoid outside hyperlinks inside the comment and avoid typing all capitalized comments. Help us delete comments that do not follow these guidelines by flagging them (mouse over a comment and click the flag icon on the right side). Do use these forums to voice your opinions and create healthy discourse.

Comments

0
Comments are disabled

Note: Due to legal constraints, the Ada Derana Editorial team has taken a decision to disable comments on all articles concerning ongoing court procedures.

MostRead
Mobitel 1278
VideoStories
 Crowds flock to IRD offices amid new TIN requirement; IRD urges public to avoid unnecessary visits

Crowds flock to IRD offices amid new TIN requirement; IRD urges public to avoid unnecessary visits

More opposition against new security bills Govt too incompetent to govern the country – Sajith

More opposition against new security bills Govt too incompetent to govern the country – Sajith

 Prices of petrol and diesel increased; Bus, three-wheeler and other TUs dismayed by fuel price hike

Prices of petrol and diesel increased; Bus, three-wheeler and other TUs dismayed by fuel price hike

Govt promises substantial relief through Budget; Opposition says govt continuing to increase taxes

Govt promises substantial relief through Budget; Opposition says govt continuing to increase taxes

No fuel price revision for November? Public turns to social media amid shortage of LP gas

No fuel price revision for November? Public turns to social media amid shortage of LP gas

Sri Lanka's tax arrears near Rs. 2.1 trillion IMF calls for reforms citing collection challenges

Sri Lanka's tax arrears near Rs. 2.1 trillion IMF calls for reforms citing collection challenges

Policymakers must ensure equal access to AI -  SCU Vice-Chancellor Prof. Tyrone Carlin on Hyde Park

Policymakers must ensure equal access to AI - SCU Vice-Chancellor Prof. Tyrone Carlin on Hyde Park

Courts must be independent  and ensure governments act within the law - SC Justice Yasantha Kodagoda

Courts must be independent and ensure governments act within the law - SC Justice Yasantha Kodagoda

Taxpayer Identification Number to be mandatory  for certain transactions from Nov. 1

Taxpayer Identification Number to be mandatory for certain transactions from Nov. 1

16-year-old hospitalised with gunshot wounds  after police fire on three-wheeler in Kadawatha

16-year-old hospitalised with gunshot wounds after police fire on three-wheeler in Kadawatha

'Kassapa Thero and I visited the hotel on separate days'- Sarath Weerasekara responds to controversy

'Kassapa Thero and I visited the hotel on separate days'- Sarath Weerasekara responds to controversy

Litro Gas orders 44,000MT of LPG for November  to meet increased demand

Litro Gas orders 44,000MT of LPG for November to meet increased demand

 Opposition Leader visits Lunugamvehera to assess human-elephant conflict

Opposition Leader visits Lunugamvehera to assess human-elephant conflict

 Suspected thief tied to a tree and assaulted by villagers dies while in police custody

Suspected thief tied to a tree and assaulted by villagers dies while in police custody

 Several bank accounts of Rakitha Rajapakshe suspended;Rs. 40M found in frozen bank accounts?

Several bank accounts of Rakitha Rajapakshe suspended;Rs. 40M found in frozen bank accounts?

Lassana Flora