Regional
US and Iran conclude high-level talks in Switzerland, mediators say
The parties agreed to a mechanism to end the fighting in Lebanon and opened a communications line to help ensure safe passages for commercial ships through the contested strait, the statement said.
The first round of talks between high-ranking U.S. and Iranian officials in Switzerland ended Monday, mediators said, after a tense opening marked by Tehran’s announcement it had again closed the Strait of Hormuz and U.S. President Donald Trump repeating his threats to resume attacks on Iran.
A joint statement from mediating nations Qatar and Pakistan said the U.S. and Iran agreed to a roadmap toward a final deal within 60 days. Technical talks will continue for the rest of the week in the Qatari-owned Swiss mountain resort of Buergenstock, according to the statement, which was released by the Qatari foreign ministry, Reuters reported.
The parties agreed to a mechanism to end the fighting in Lebanon and opened a communications line to help ensure safe passages for commercial ships through the contested strait, the statement said.
U.S. Vice President JD Vance had opened talks with Iranian officials on Sunday under the terms of a memorandum of understanding reached last week to extend a tenuous ceasefire from April for at least another 60 days. The discussions continued until the early hours of Monday.
In a post on social media, Iranian Foreign Minister Abbas Araqchi said his country had secured waivers for oil and petrochemical exports, the release of some frozen assets and the launch of a reconstruction and development plan for Iran.
The White House had no immediate comment when asked if talks had wrapped for now.
Just before talks officially began on Sunday, Fox News reported that Trump said he told Iranian officials “you won’t have a country” if they tried to close the strait again. Trump also reiterated an earlier threat that the U.S. would take over the waterway and possibly charge a toll of its own, Fox News said.
U.S. and Iranian sources provided separate accounts of the discussions in Switzerland.
Iran’s semi-official Tasnim news agency, citing an informed source, said that after Trump’s threats became public, the Iranian delegation refused to return to the room where talks were held, though messages were still being traded via Pakistani and Qatari mediators.
According to Tasnim’s source, Iranians said that the start of negotiations on nuclear matters required the delivery of other parts of the MOU, including the release of frozen assets and U.S. waivers authorizing Iranian oil exports.
“The Iranians never left and are still here meeting and negotiating deep into the night,” a U.S. diplomat involved in the talks told Reuters. “We’ve talked about the Strait, Lebanon, nuclear issues, and details of implementing the MOU, among other topics.”
High-level discussions are expected to wrap up on Monday, with technical staff remaining to conduct further talks, according to a U.S. official.
The agreement called for reopening the Strait of Hormuz, a choke point for global energy shipments, and ending all hostilities, including in Lebanon, where Israel has continued to launch deadly strikes as Iranian ally Hezbollah fires at Israeli targets.
Iran, arguing that the U.S. had failed to meet its commitment to halt fighting in Lebanon, said on the weekend that it had again stopped maritime traffic through the strait and that Sunday’s talks would not cover substantive issues such as Iran’s nuclear programme.
At the talks in Switzerland, where U.S. and Iranian officials met in the presence of Qatari mediators, Vance played down the impact of violence in Lebanon, saying progress had been made towards ending hostilities there.
“These things are always a little bit messy,” he said.
Back in the United States, Trump threatened to resume attacks on Iran if it did not rein in its allies.
“Iran must immediately stop their highly paid PROXIES in Lebanon from causing trouble,” Trump wrote on social media, apparently referring to Hezbollah. “If they don’t, we’ll hit Iran very hard again, just like we did last week, only harder!!!”
Even as Trump was threatening Iran, Vance told reporters the U.S. president had “asked us to turn over a new leaf to transform our relationship with the people of Iran.”
A U.S. diplomat late Sunday said discussions included “clarifying some of the confusing messaging from Iran on the Strait and building deconfliction mechanisms to ensure the Strait will remain fully open.”
IRAN CITES LEBANON AS REASON TO CLOSE STRAIT
Despite the announcement of a new ceasefire in Lebanon on Friday, there has been scant sign of an end to fighting there. Iran said on Saturday that as a result, it had again shut the strait, whose closure for nearly four months caused the biggest disruption of global energy supplies in history.
U.S. officials disputed that the strait was closed, but commercially available shipping data showed an immediate impact.
Five vessels passed the strait on Sunday, a sharp drop from the 26 ships spotted a day earlier, data from analytics firm Kpler showed. The data may exclude vessels that switch off their transponders while travelling in the Gulf.
Iran’s Fars news agency cited a military source as saying on Sunday that no new permits were being issued for ships to cross until further notice.
Trump said he agreed to last week’s memorandum of understanding to avert a global economic depression from high oil prices caused by the strait’s closure. Oil prices had tumbled over the past week to levels unseen since the war started on February 28 with U.S.-Israeli attacks on Iran.
Brent crude futures rose more than $1 to $81.66 a barrel in early Monday trading, following the rocky start to the peace talks.
Sunday appeared to be the quietest day in Lebanon for some time, with no reports of major violence by nightfall, after two days of heavy Israeli strikes and fire from Hezbollah fighters on Israeli positions.
More than 1 million people have fled their homes in Lebanon since Israel invaded in March to pursue Hezbollah fighters who fired across the border in support of Tehran.
Reuters journalists in southern Lebanon on Sunday saw some of the heaviest traffic since the memorandum was signed, with residents returning to their homes. Some stood beside cars backed up on the highway and waved Hezbollah flags.
Regional
Iran defends two-day proposal for peace talks after US rejects conditions
Iran defended a proposal on Monday to restart peace talks in as few as two days as the most reasonable offer on the table, after US Secretary of State Marco Rubio called some of Iran’s conditions “outrageous and ridiculous”.
Iran defended a proposal on Monday to restart peace talks in as few as two days as the most reasonable offer on the table, after US Secretary of State Marco Rubio called some of Iran’s conditions “outrageous and ridiculous”, Reuters reported.
“Is it unreasonable that Iran demands that US illegal sanctions and its naval blockade must be lifted before negotiations start and that the war should end on all fronts?” Foreign Ministry spokesman Esmaeil Baghaei told a weekly press conference in response to Rubio’s remarks.
Iran defended a proposal on Monday to restart peace talks in as few as two days as the most reasonable offer on the table, after US Secretary of State Marco Rubio called some of Iran’s conditions “outrageous and ridiculous”.
“Is it unreasonable that Iran demands that US illegal sanctions and its naval blockade must be lifted before negotiations start and that the war should end on all fronts?” Foreign Ministry spokesman Esmaeil Baghaei told a weekly press conference in response to Rubio’s remarks.
Regional
Explosions heard in areas in southern Iran, Iranian media report
Earlier on Saturday, Tasnim news agency said two missiles struck Qeshm Island with no official information on possible damage.
Explosions were heard on Saturday evening in several areas in southern Iran, including on Qeshm Island in the Strait of Hormuz, Iranian state television reported.
Iran’s state TV suggested that the explosions might be linked to Iranian military activities in the strategic waterway, which has become subject to repeated attacks on commercial shipping since the war erupted between the US and Iran in February.
It said Iranian officials have not confirmed any missile strikes on the areas, while the semi-official Tasnim news agency cited a source as saying that the explosions heard on Qeshm Island were not related to missile strikes.
Iran’s Revolutionary Guards Navy said early on Sunday that two oil tankers were on fire after hitting mines as they attempted to pass through an “unauthorized route” in the strait. It was not immediately clear if the incidents referred to by the IRGC were linked to the sound of explosions heard in southern Iranian areas.
Iran has hit vessels it says have violated its restrictions on passage through the waterway, as it seeks to assert control over the strait and exert pressure on Washington.
Earlier on Saturday, Tasnim news agency said two missiles struck Qeshm Island with no official information on possible damage.
The reported explosions come days after the US carried out strikes on the island. A US official said those strikes were limited and not a resumption of major combat operations.
The US military said on Saturday evening that its forces disabled a commercial vessel that tried to get through the US blockade of Iran.
The US Central Command said one of its aircraft fired at the vessel’s stern and disabled the ship after it attempted to violate the blockade.
Countries in the region had been anticipating that US President Donald Trump, who has held off on strikes on Iran during the weeks leading up to Tuesday’s midterm elections, could restart attacks once the voting was over. Iran has repeatedly said it would respond to new attacks by striking at US and Israeli targets in neighboring countries.
Regional
Pakistan’s leaders dread US Democrats’ win but its households are praying for it
Pakistan’s courtship of Trump, capped by its mediation in the Iran war, earned it a close relationship with his administration. That access has yet to deliver clear economic gains, and congressional scrutiny of Islamabad’s dealings with Trump’s inner circle now threatens the rewards its leaders hoped would follow.
Pakistan’s leaders spent two years courting US President Donald Trump, but after the Democrats’ win in Tuesday’s congressional vote, they are preparing for scrutiny of their access to the White House.
Ordinary Pakistanis see the result differently. Many hope the shift in Washington will ease a cost-of-living crisis intensified by the US-Israel war on Iran, Reuters reported.
“We believe meaningful negotiations with the current US administration are not possible, and the ongoing bloodshed will not end until there is a change in [the US] government,” Karachi resident Sajjad Ali said.
“We want peace, economic improvement and a reduction in the rising oil prices.”
Asim Zafar, also from Karachi, said he hoped the results would rein in Trump. “It could bring changes in important policies and perhaps help prevent some of the injustices being committed against Muslim countries,” he said.
But for Pakistan’s government and powerful military leadership, analysts say, the outcome is far more worrying.
Pakistan’s courtship of Trump, capped by its mediation in the Iran war, earned it a close relationship with his administration. That access has yet to deliver clear economic gains, and congressional scrutiny of Islamabad’s dealings with Trump’s inner circle now threatens the rewards its leaders hoped would follow.
A BET ON ONE MAN
The courtship began early in Trump’s second term, with army chief Asim Munir — who Trump has repeatedly described as his “favourite field marshal” — as Islamabad’s main channel to the White House.
Their June 2025 lunch took place unusually without Pakistani civilian officials present, which put the military at the centre of the rapprochement.
According to Pakistan’s military, their talks went beyond security to cooperation in mining, energy and cryptocurrency.
Pakistan then joined Trump’s Board of Peace and nominated him for the Nobel Peace Prize, crediting him with helping end its May 2025 conflict with India. New Delhi denies US mediation halted hostilities.
Earlier this year, Iran mediation gave the courtship strategic substance: Islamabad relayed messages and hosted April talks between the US and Iran, but the eventual Islamabad Agreement quickly faltered.
For consumers, Pakistan’s rising diplomatic influence has offered little protection from the war’s costs while the payoff for the state has also been thin. The US Export-Import Bank approved $1.25 billion for Pakistan’s Reko Diq copper and gold project in December 2025. But Pakistan’s signature $10 billion request for a US Treasury facility remains unanswered.
DEALS UNDER SCRUTINY
Pakistan’s outreach, public and private, now carries political risk because several arrangements involve Trump’s family or close associates.
Islamabad has signed memoranda to explore payments in USD1, a stablecoin issued by the Trump-linked World Liberty Financial. At the signing in January, Finance Minister Muhammad Aurangzeb said innovation should be “aligned with regulation, stability, and national interest.”
It has also signed another memorandum to redevelop Manhattan’s Roosevelt Hotel, a deal negotiated by envoy Steve Witkoff, and placed a limited drone order with Powerus, whose investors include Trump’s sons Donald Jr. and Eric.
“There are no conflicts of interest,” White House spokeswoman Anna Kelly told Reuters in September, when asked about Powerus.
Husain Haqqani, a former Pakistani ambassador to Washington and senior fellow at the Abu Dhabi-based Anwar Gargash Diplomatic Academy, said Pakistan’s leaders had “built a transactional relationship” with Trump’s team. Some arrangements involving the president’s friends and relatives “might not last,” he said. “Pakistan seems totally unprepared for that scrutiny.”
Daniel Markey, a senior fellow at the Washington-based Stimson Center, warned that investigations could taint the wider relationship if dealings appeared driven by private interests.
From Pakistan’s perspective, there may still be cards left to play, analysts said.
The Atlantic Council’s Michael Kugelman said Pakistan’s counterterrorism cooperation and Iran diplomacy enjoyed bipartisan support, and Democrats would be more likely to blame problematic deals on Trump than on Pakistan.
But “the risk for Pakistan is that it put so many of its diplomatic eggs in the White House basket that it won’t have anything left for the Democrats,” Kugelman said.
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