United States lifted sanctions on Iranian oil for 60 days,part of ongoing peace talks between countries . Direct talks opened to ease tensions after last week's Memorandum of Understanding. President Trump emphasized he'd ensure Iran adheres to the deal, warning of action if they don't.
In talks, US and Iran set up communication line for Strait of Hormuz,vital for global oil flow. Iran had shut it after US-Israeli military moves, sending oil prices up fast.
Day one, mediators Qatar and Pakistan announced working groups for nuclear issues,sanctions,compliance. But still disagreements, especially on sanction relief specifics and Iran's uranium stockpile .
Iran's negotiator Ghalibaf said US agreed to release $12 billion in Iranian assets . US not confirmed. VP JD Vance noted any released assets should buy American farm products, which Iran doubts .
Trump repeated funds would purchase US farmers' goods like corn,soybeans . Called it humanitarian crisis needing quick aid. But Iranian spokesman Baghaei said Iran would use assets freely,dismissing restrictions on buying US goods.
US released about 67 million barrels of Iranian oil,mostly for Chinese buyers. Iranian officials hopeful about talks, planning working groups on sanctions,nuclear issues soon.
Confusion over IAEA inspectors returning to Iran. Vance said Iran agreed, but Iranian officials denied it . No meetings with IAEA's Grossi,no timeline for inspections.
Trump chimed in,claiming Iran agreed to extensive nuclear checks. Called it transparency step for Iran's nuclear program. Said US would maintain naval presence in Strait of Hormuz, though doubts if blockade needed.
Talks continue,sides must reconcile different accounts, expectations. Stakes high…Regional shifts,economic impacts hinge on these talks.
