Iran to Oversee Hormuz as Swiss Talks Conclude

Iran has declared its intention to continue administering the Strait of Hormuz, a critical chokepoint for global oil supply, asserting its control in ongoing war talks with Washington. This stance highlights a persistent point of contention despite technical talks concluding in Switzerland, which will establish working groups focused on nuclear issues and sanctions.

Vice President JD Vance described the negotiations as a "very good foundation" for a final deal, noting that Washington had suspended sanctions on Iranian oil. However, fundamental issues such as Iran's nuclear program and the administration of the Strait of Hormuz remain unresolved. Iran's chief negotiator, Mohammad Bagher Ghalibaf, stated firmly, "The Strait of Hormuz will never return to its pre-war conditions and will be administered by the Islamic Republic of Iran, in accordance with international law."

The recent agreement includes the establishment of a communication line between the US and Iran to prevent incidents and ensure safe passage for commercial vessels. As part of the deal, Washington will release $12 billion in frozen Iranian funds and temporarily suspend sanctions on Iranian oil until August 21. The US Treasury confirmed the temporary lifting of sanctions to allow Iran to produce, sell, and deliver crude oil and related products. Vance clarified that Iranian assets have not yet been unfrozen and, if released, would be used for purchasing U.S. goods like soybeans, not for funding terrorism.

These negotiations, mediated by Qatar and Pakistan, aim to produce a final settlement within a renewable 60-day deadline. The talks have already shown progress, with mediators announcing an agreement on a "roadmap towards reaching a final deal within 60 days." Iranian President Masoud Pezeshkian is scheduled to travel to Pakistan following the Switzerland talks, indicating continued diplomatic engagement.

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The Strait of Hormuz will never return to its pre-war conditions and will be administered by the Islamic Republic of Iran, in accordance with international law.