US, Iran Resume Technical Talks June 29-30 in Switzerland as 20 Million Hormuz Barrels Exit
Updated
Updated · FRANCE 24 English · Jun 24
US, Iran Resume Technical Talks June 29-30 in Switzerland as 20 Million Hormuz Barrels Exit
3 articles · Updated · FRANCE 24 English · Jun 24
Summary
June 29 or 30 is the target for US-Iran technical talks to resume in Switzerland, Secretary of State Marco Rubio said, marking the next step after an interim deal and ceasefire.
Rubio said Washington would stay “completely aligned” with Gulf allies and would not accept any arrangement that undermines their security as it seeks a permanent settlement.
20 million barrels of oil exited the Strait of Hormuz in the last 24 hours, US Energy Secretary Chris Wright said, while three previously stranded tankers carrying 5 million barrels were leaving on Wednesday.
Brent’s September contract traded 12 cents above August delivery for the first time since the war began in late February, signaling prompt supply has normalized even as later-month supply looks tighter.
The diplomacy is unfolding alongside unresolved regional flashpoints, with Israel saying it will not withdraw from southern Lebanon and the UN estimating it will take weeks to evacuate more than 11,000 stranded sailors.
Will Iran's planned shipping fees for the Strait of Hormuz sink the new peace deal before the ink is even dry?
With billions pledged for Iran's rebuilding, has the US bought a lasting peace or just funded the next Mideast conflict?
The June 2026 US-Iran 60-Day Agreement: Oil, Sanctions Relief, and Regional Security at a Crossroads
Overview
In June 2026, high-level talks between US and Iranian officials, with Pakistan's involvement, took place in Switzerland amid rising tensions. The negotiations began tensely, with Iran's delegation walking out after US President Trump's threats over Iran's support for Hezbollah. Iranian media framed this as a refusal to negotiate under pressure. Despite the rocky start, both sides agreed to a 60-day roadmap, seen by Iran as a tactical pause achieved through its military readiness and assertive actions, including temporary restrictions on the Strait of Hormuz. This agreement provided a temporary framework to manage tensions and allowed for the cautious resumption of oil exports.