U.S. VP JD Vance says any Iranian asset release will not fund terrorism

U.S. Vice President JD Vance told reporters in Burgenstock, Switzerland, that if Iranian assets are unfrozen as part of a deal to end the Middle‑East conflict, the funds will be directed to aid the Iranian people and U.S. farmers and will not be used to finance terrorism. He said the agreement reached in the first round of talks includes Iran’s commitment to invite IAEA inspectors back into the country and a 60‑day window to reach a final settlement.

The negotiations also set up a permanent communication channel to avoid incidents in the Strait of Hormuz, a plan to lift economic sanctions, and measures for Iran’s reconstruction. Following the announcements, oil prices fell, with WTI at $75.47 per barrel and Brent at $79.38.