US, Iran agree on Lebanon ceasefire and lifting sanctions on Iranian oil, but much remains

AI Summary

The US and Iran agreed during negotiations in Switzerland to work towards a ceasefire in Lebanon and to lift sanctions on Iranian oil. They established frameworks to open the Strait of Hormuz, though details of control remain unclear.

Both Tehran and Washington hailed the negotiations that took place in Switzerland on June 22 to create a roadmap to close down the war in the Middle East. US Vice president JD Vance said it laid a good foundation for a deal to end the war. The parties agreed to establish mechanisms to open the strait of Hormuz but it is unclear who will control it.