Iran and the US have agreed to establish a liaison center to ensure safe passage for vessels in the Strait of Hormuz and prevent incidents, according to an Iranian-aligned the source. The announcement marks the conclusion of the first round of talks in Switzerland, with Iran claiming $12 billion in achievements including sanctions waivers and asset releases.
The first round of US-Iran talks in Switzerland has concluded with a detailed agreement on the Strait of Hormuz and financial terms, an Iranian-aligned the source reported Tuesday at 10:55 Jerusalem. According to the post, the parties agreed to establish a 'liaison center' to ensure safe passage for vessels in the strategic waterway and prevent maritime incidents – a mechanism the channel compared to the 'de-escalation cell' set up for Lebanon.
Iran's summary of the first day's achievements amounts to approximately $12 billion, not including the issuance of permits for oil and petrochemical production, the post stated. This follows an earlier bulletin from our desk reporting that Iranian Deputy Foreign Minister Kazem Gharibabadi listed four achievements from the same round, including a general license for Iranian oil sales and a $12 billion asset release mechanism in two $6 billion tranches.
The agreement on a Hormuz liaison center represents a concrete step toward the broader deal framework that has been reported over the past two weeks. As The Zioneer previously reported (Mon Jun 22, 09:46), the US and Iran agreed to establish direct communications to keep the strait open, and a leaked Bloomberg memo (Wed Jun 17, 08:42) outlined a potential memorandum of understanding involving sanctions relief and a $300 billion reconstruction fund.
What remains unconfirmed: whether the liaison center has been formally ratified by both governments, and the precise timetable for the $12 billion release mechanism.
2 developments
- StrongUS and Iran agree to set up direct communications to keep Hormuz open and sustain Lebanon ceasefire
- DevelopingLeaked Bloomberg memo: Iran gives Strait of Hormuz and verbal pledge; U.S. yields sanctions relief, reconstruction fund, Lebanon ceasefire
- StrongIranian research chief: Hormuz closure pressure helped Tehran secure U.S. deal
- ConfirmedU.S. and Iran reportedly near agreement on nuclear freeze, sanctions relief, and Strait of Hormuz reopening
Source and signal
- Internal intake