Iran war day 116: US eases Iran sanctions; Lebanon ceasefire holds
Summary
The United States and Iran have agreed to release $12 billion of frozen Iranian funds after talks in Switzerland. The US also temporarily lifted sanctions on Iranian oil, while a ceasefire between Israel and Hezbollah in Lebanon continues to hold.Key Facts
- Iran’s negotiator Mohammad Bagher Ghalibaf said $12 billion in frozen Iranian funds will be released following talks with the US.
- The US eased sanctions on Iranian oil and related products for 60 days, until August 21.
- Iran agreed to allow international nuclear inspectors to return as part of the negotiations.
- Technical talks ended, with future discussions supervised by a high-level committee including US Vice President JD Vance.
- Iran’s Central Bank governor said the released funds will be used for basic goods and medicine, not to buy US farm products.
- President Trump stated that Iran will agree to weapons inspections and that the funds will help buy US agricultural goods.
- US House Democrats criticized the sanctions relief as premature without progress on Iran’s nuclear program and regional activities.
- A ceasefire between Israel and Hezbollah in Lebanon has so far held, with no air attacks reported by UN peacekeepers since early March.
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