President Trump said Iran has agreed to accept the highest level of nuclear inspections for the long term, possibly permanently. He said there would be no further negotiations if Iran refused these inspections. Trump called it a step toward ensuring “nuclear honesty” and said talks are progressing well.
Trump also said the US will not impose a naval blockade on the Strait of Hormuz and will keep the key oil shipping route open. However, US naval forces will remain in position and could reimpose a blockade if needed, though Trump said that currently appears unlikely.
According to Trump, any US sanctions relief or Treasury funds released to Iran will be placed in a US-controlled escrow account. The money can only be used to buy food and medical supplies from the United States, including corn, wheat, and soybeans from American farmers. He described the move as humanitarian assistance for Iran.
Trump added that 19 million barrels of oil passed through the Strait of Hormuz in a single day, which he called a record. He said oil prices are falling and claimed the world is becoming a safer place as negotiations continue.
Meanwhile, Iran’s ambassador to the UN in Geneva, Ali Bahreyni, said technical talks with the US in Switzerland were very smooth. He said two working groups will soon be formed to discuss sanctions relief and Iran’s nuclear program. However, he added that allowing international nuclear inspectors into Iran has not yet been discussed and will be addressed in a later stage of negotiations.
Iranian President Pezeshkian said progress in US-Iran talks will depend on both sides fully honoring and implementing any commitments they agree to. He said actions, not statements outside the agreement, will determine whether negotiations succeed. The first round of talks in Switzerland ended with both sides agreeing to work toward a final deal within 60 days.
Pezeshkian stressed that compliance with the agreement will be the key test of the talks. Following the negotiations, Trump warned on June 22 that the United States would take action if Iran fails to meet its commitments.
Bahreyni said the Strait of Hormuz remains open for now, but its status after the next 60 days will depend on progress in talks. Separately, Iran’s Fars News reported that transit through the strait will be limited to a fixed number of vessels per day. Israeli Prime Minister Benjamin Netanyahu said Israel must reduce dependence on foreign weapons suppliers and build its own domestic weapons production network while continuing to confront Iran and its regional allies.
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