The China Mail - Mediators hail 'progress' in US-Iran talks after lengthy opening session

USD -
AED 3.672502
AFN 63.496031
ALL 82.510022
AMD 367.400305
ANG 1.790403
AOA 917.999906
ARS 1463.593197
AUD 1.428276
AWG 1.8025
AZN 1.70145
BAM 1.704772
BBD 2.014072
BDT 122.641098
BGN 1.69088
BHD 0.377135
BIF 2981.906689
BMD 1
BND 1.291046
BOB 6.904336
BRL 5.153898
BSD 1.000013
BTN 94.26975
BWP 13.589989
BYN 2.778541
BYR 19600
BZD 2.011105
CAD 1.41746
CDF 2279.99995
CHF 0.8072
CLF 0.022911
CLP 901.710449
CNY 6.769599
CNH 6.775435
COP 3454.26
CRC 453.643323
CUC 1
CUP 26.5
CVE 96.112443
CZK 21.111794
DJF 178.070899
DKK 6.52343
DOP 58.450197
DZD 133.436984
EGP 49.787698
ERN 15
ETB 158.279558
EUR 0.87275
FJD 2.24775
FKP 0.755695
GBP 0.756351
GEL 2.649849
GGP 0.755695
GHS 11.190238
GIP 0.755695
GMD 73.496346
GNF 8760.550479
GTQ 7.621704
GYD 209.00414
HKD 7.83968
HNL 26.750125
HRK 6.581498
HTG 130.624245
HUF 307.116023
IDR 17845.1
ILS 2.963875
IMP 0.755695
INR 94.659498
IQD 1308.869035
IRR 1375000.000032
ISK 125.66997
JEP 0.755695
JMD 158.007459
JOD 0.708983
JPY 161.726498
KES 129.430085
KGS 87.449798
KHR 4010.36396
KMF 429.500643
KPW 900.00035
KRW 1537.845036
KWD 0.30885
KYD 0.833293
KZT 488.011271
LAK 22084.385646
LBP 89547.276637
LKR 333.738992
LRD 181.996624
LSL 16.489878
LTL 2.95274
LVL 0.60489
LYD 6.377995
MAD 9.308956
MDL 17.659657
MGA 4210.122265
MKD 53.826874
MMK 2099.917974
MNT 3579.231668
MOP 8.066507
MRU 39.909271
MUR 47.80978
MVR 15.450261
MWK 1733.964363
MXN 17.34405
MYR 4.148986
MZN 63.910091
NAD 16.489878
NGN 1364.409873
NIO 36.797453
NOK 9.686415
NPR 150.832915
NZD 1.74549
OMR 0.384494
PAB 0.999172
PEN 3.381216
PGK 4.382892
PHP 61.059528
PKR 278.166512
PLN 3.724902
PYG 6140.706718
QAR 3.642275
RON 4.570903
RSD 102.413991
RUB 74.027953
RWF 1464.918977
SAR 3.753691
SBD 8.061424
SCR 13.673834
SDG 600.499517
SEK 9.58682
SGD 1.292345
SHP 0.746601
SLE 24.750235
SLL 20969.503664
SOS 571.503348
SRD 37.402502
STD 20697.981008
STN 21.37358
SVC 8.749967
SYP 110.532098
SZL 16.485429
THB 32.926499
TJS 9.266943
TMT 3.5
TND 2.952452
TOP 2.40776
TRY 46.462702
TTD 6.781036
TWD 31.623009
TZS 2625.482037
UAH 44.922859
UGX 3636.522118
UYU 39.947701
UZS 12039.224232
VES 606.63266
VND 26320.5
VUV 118.352303
WST 2.751796
XAF 572.250987
XAG 0.015071
XAU 0.000238
XCD 2.70255
XCG 1.802185
XDR 0.71169
XOF 572.245995
XPF 103.952931
YER 238.594437
ZAR 16.447195
ZMK 9001.196955
ZMW 17.924862
ZWL 321.999592
  • NGG

    -1.2400

    79.44

    -1.56%

  • RYCEF

    -0.0300

    18.4

    -0.16%

  • GSK

    -1.4800

    50.67

    -2.92%

  • CMSD

    0.0000

    22.29

    0%

  • VOD

    -0.2300

    14.3

    -1.61%

  • RBGPF

    -0.5300

    60.61

    -0.87%

  • RELX

    -0.8300

    31.18

    -2.66%

  • BCE

    0.0000

    23.28

    0%

  • CMSC

    0.0500

    22.37

    +0.22%

  • RIO

    -2.5900

    100.08

    -2.59%

  • BCC

    3.8500

    74.66

    +5.16%

  • JRI

    0.0500

    12.67

    +0.39%

  • BTI

    -0.5800

    58.91

    -0.98%

  • AZN

    -2.9600

    174.93

    -1.69%

  • BP

    -1.0400

    39.1

    -2.66%

Mediators hail 'progress' in US-Iran talks after lengthy opening session

Mediators hail 'progress' in US-Iran talks after lengthy opening session

Iran's senior envoys left talks in Switzerland on Monday after a marathon negotiating session with the United States, state media reported, as mediators claimed progress towards a definitive US-Iran deal.

Text size:

The host nation said conditions were set for technical talks to immediately follow, with the sides at the beginning of a 60-day period to secure a long-term settlement.

Last week, Tehran and Washington signed a memorandum of understanding laying the groundwork for the negotiations, after a 40-day war that was followed by weeks of an inconclusive and oft-breached ceasefire.

The negotiators aim to tackle some of the most intractable issues that have dogged US-Iranian relations for decades, including Tehran's nuclear programme and enriched uranium.

Foreign Ministry spokesman Esmaeil Baqaei said on Monday that "a very brief discussion took place regarding the nuclear issue, but there was no discussion of details" and that nuclear talks had not begun.

All the while, the war in Lebanon between Israel and Iran's close ally Hezbollah has threatened to collapse the ceasefire, though the country has been relatively calm since Sunday.

Israeli leaders have expressed deep misgivings over the deal signed last week and have insisted that their troops will continue to occupy southern Lebanon and are free to respond to any threats there.

Tehran and Washington, meanwhile, have set up communication lines to end the fighting in Lebanon and to keep the vital Strait of Hormuz open, mediators said, after the first round of talks.

Iran closed the strait, through which much of the world's oil and gas travels in peacetime, early in the war, sending economic shockwaves across the globe.

Before the conflict began, there was free international passage through the strait, but Tehran appears keen to monetise the waterway as part of any deal.

It is also set to get some form of sanctions relief from Washington, with some assets unfrozen.

- 'Roadmap' -

Mediators Pakistan and Qatar said the negotiators reached agreement on a "roadmap towards reaching a final deal within 60 days", with technical talks to continue for the rest of the week at the Swiss resort of Burgenstock.

"Encouraging progress has been made including the creation of a mechanism for further technical talks," they said, detailing a contact channel set up to "avoid incidents and miscommunication" in the Strait of Hormuz.

A "de-confliction cell", between the parties and the Lebanese authorities has also been agreed to prevent fighting from erupting again, they said.

"Tireless Pakistani and Qatari mediation has delivered major progress to end Lebanon War," Iran's Foreign Minister Abbas Araghchi wrote on X after the high-level talks in Switzerland.

"Oil and petrochem exports are waived, blockade lifted, some frozen assets released, and major reconstruction & development plan launched for Iran. 1st real test: Lebanon deconfliction cell," he wrote.

Switzerland's foreign ministry, meanwhile, said the talks had created "the conditions for the immediate resumption of new technical discussions".

There was no immediate reaction from US negotiators, but crude prices slipped while stocks mostly gained in Asia as the progress reported by mediators fuelled market optimism.

The development came after a shaky start to the negotiations, with the Islamic Republic's delegation walking out in response to US President Donald Trump's threats to strike Iran over its support for Hezbollah on Sunday.

- Proxies -

Trump had warned of new attacks on Iran if it did not "immediately stop their highly paid PROXIES in Lebanon from causing trouble".

Iran hit back with a warning of its own.

"They would do better to be careful with their statements; our armed forces are ready to respond to them in a different manner. No matter what they say, we are the ones who act," Iran's chief negotiator Mohammad Bagher Ghalibaf said.

By Monday morning, there had been no reports of Israeli strikes or continued fighting, with some residents of southern Lebanon cautiously trickling back to their homes.

Israel's military chief Lieutenant General Eyal Zamir visited troops in south Lebanon on Sunday, where he said Hezbollah was in a "very difficult position" and the army was ready to prevent it rebuilding.

The overall death toll from the fighting in Lebanon has now surpassed 4,100, the health ministry said.

Lebanon aside, there has been no indication that Iran's support for armed groups across the region, which has long drawn the ire of the US and Israel, will be addressed in the negotiations.

US Vice President JD Vance, who led the American delegation, had hailed the talks in Switzerland as "historic".

Flanked by presidential son-in-law Jared Kushner and envoy Steve Witkoff, Vance asked: "Can we turn over a new leaf? Can we change relations in the Middle East permanently?

J.Thompson--ThChM