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Iran anticipates that negotiations with the United States concerning its nuclear program and the lifting of sanctions will commence later this week. This development follows President Donald Trump's announcement that the Strait of Hormuz will be reopened, a statement that led to a sharp decline in oil prices.

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Likely on Friday, at a location to be determined... a new round of negotiations between Iran and the United States to reach a final agreement will begin.

According to officials, the talks for a comprehensive agreement will unfold within a 60-day timeframe after the memorandum of understanding (MOU) to end nearly four months of conflict is officially signed. This conflict was initiated by U.S.-Israeli strikes against Iran. Iranian Foreign Minister Abbas Araghchi indicated that a new round of negotiations is likely to begin on Friday, with decisions on nuclear issues and sanctions relief to be made in the final agreement.

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In the final agreement, decisions will be made on the nuclear issues and the lifting of sanctions.

Iran's deputy foreign minister, Majid Takht-Ravanchi, confirmed that Iran's top negotiator, Mohammad Bagher Ghalibaf, will attend the signing ceremony in Switzerland. The Swiss foreign ministry stated that the Burgenstock resort, overlooking Lake Lucerne, was proposed as a venue by Pakistani and Qatari mediators, as well as by the U.S. and Iran. U.S. Vice President JD Vance, who will represent the U.S. side, mentioned that Trump might also attend the event.

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Ships are starting to move, many loaded up with Oil, out of the Strait of Hormuz.

The reopening of the Strait of Hormuz, a critical oil and gas route, is expected to provide a substantial boost to the global economy. Trump announced that ships were beginning to move through the strait, leading to a drop in Brent crude prices to a three-month low. Iran's state television reported that oil tankers and other vessels had resumed shipping after the U.S. blockade was lifted prior to the formal signing. Despite progress, a comprehensive agreement on Iran's nuclear ambitions and sanctions remains challenging, with both Washington and Israel pressing Iran to dismantle its enriched uranium stockpile, while Iran maintains its right to enrichment.

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The US blockade has been lifted prior to the formal signing.