The negotiations in Switzerland resulted in the creation of a “communication line” between the U.S. and Iran to coordinate the safe passage of ships through the Strait of Hormuz, according to the statement. The memorandum of understanding signed last week had stated that during the 60-day window, the two countries would lift their blockades of the critical waterway without charging passage fees.
The peace talks, hosted at the luxury Bürgenstock resort on Lake Lucerne, also created a “de-confliction cell” between the countries and Lebanon in order to help end the ongoing fighting between Israeli forces and Iran-backed Hezbollah.
U.S. Vice President JD Vance led the American delegation in Sunday’s negotiations, alongside U.S. Special Envoy Steve Witkoff and Jared Kushner, President Donald Trump’s son-in-law. The Iranian delegation included chief negotiator Mohammad Bagher Qalibaf, Foreign Minister Abbas Araghchi, as well as senior oil, security and central bank officials.
Technical negotiations will continue this week at the Bürgenstock resort, and will include Iran’s nuclear regime and U.S. sanctions.