header logo
Vallibel FD
Selan Bank
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
Railway unions warn strike action will intensify if govt fails to address issues

Railway unions warn strike action will intensify if govt fails to address issues

Rs. 145 million invested in youth research programme - PM Harini Amarasuriya

Rs. 145 million invested in youth research programme - PM Harini Amarasuriya

Met Dept. forecasts heavy rains in coming days, warns of possible floods and earth slips

Met Dept. forecasts heavy rains in coming days, warns of possible floods and earth slips

Construction of Mannar Hospital Emergency Treatment Unit begins under President’s patronage

Construction of Mannar Hospital Emergency Treatment Unit begins under President’s patronage

Heavy rains submerge Colombo roads; Showers above 100mm expected in several areas tomorrow

Heavy rains submerge Colombo roads; Showers above 100mm expected in several areas tomorrow

“Vital intelligence withheld”:  New allegations emerge in 2019 Easter Sunday attacks case

“Vital intelligence withheld”: New allegations emerge in 2019 Easter Sunday attacks case

Sri Lanka's economy grows 4.2% in Q2 despite Iran war, weak agriculture, slower services

Sri Lanka's economy grows 4.2% in Q2 despite Iran war, weak agriculture, slower services

2027 Appropriation Bill gets Cabinet nod; Draft to be gazetted before parliamentary submission

2027 Appropriation Bill gets Cabinet nod; Draft to be gazetted before parliamentary submission

10,000 job opportunities for Sri Lankans in Thailand under new labour pact

10,000 job opportunities for Sri Lankans in Thailand under new labour pact

Will Govt. increase fuel prices? CPC incurs losses due to sale of diesel, says Chairman

Will Govt. increase fuel prices? CPC incurs losses due to sale of diesel, says Chairman

Rain returns, bringing relief to drought-hit areas; Heavy rainfall predicted in the coming days

Rain returns, bringing relief to drought-hit areas; Heavy rainfall predicted in the coming days

“Let’s act before dengue gets worse!” Dengue control week begins across 15 districts

“Let’s act before dengue gets worse!” Dengue control week begins across 15 districts

Sri Lanka rejects stock of cancer treatment vaccines due to missing printed labels

Sri Lanka rejects stock of cancer treatment vaccines due to missing printed labels

Americans mark 25 years anniversary since September 11 terrorist attacks

Americans mark 25 years anniversary since September 11 terrorist attacks

Suspect arrested over illegal USD 80 million overseas transfers remanded until September 17

Suspect arrested over illegal USD 80 million overseas transfers remanded until September 17

Lassana Flora