Iranian diplomats say technical talks with the Trump administration aimed at ending the U.S. war on Iran have concluded in Switzerland, with agreements on sanctions relief and the release of frozen Iranian assets. The U.S. Treasury Department announced it would waive sanctions for 60 days, allowing Iran to produce and sell crude oil and petrochemical products. President Trump said Monday that Iran would use the funds exclusively to buy food from U.S. farmers, including corn and soybeans. The governor of Iran’s central bank quickly countered Trump’s claim, saying Iran was under no obligation to purchase from the U.S. Separately, Iran’s Foreign Ministry refuted Vice President JD Vance’s claims that Iran had agreed to allow United Nations inspectors at its nuclear sites, saying there were no “plans for IAEA inspections.” Meanwhile, Iran’s Parliament speaker and chief negotiator Mohammad Bagher Ghalibaf said Monday that Iran would permanently control the passage of ships through the Strait of Hormuz.

Mohammad Bagher Ghalibaf: “I may have been among the first to say this, right at the beginning of the war, before there was even a ceasefire. I posted on X, and I made it clear: Everyone should know that the administration of the strait will never return to the way that it was before the war.”