US-Iran talks progress on nuclear inspector access; Trump issues threats and conditions

US Vice President JD Vance announced significant progress in nuclear talks with Iran on June 22, 2026, confirming that Iran has agreed to allow international inspectors from the UN's International Atomic Energy Agency (IAEA) to resume access to its nuclear program. This development marks a crucial step in re-establishing safeguards for Iran's nuclear activities. The agreement was reached during ongoing negotiations in Switzerland, which also involved mediators from Qatar and Pakistan.

In response to this advancement, the United States has partially lifted its oil sanctions on Iran. The US Treasury issued a 60-day waiver, authorizing Iran to produce, sell, and deliver crude oil and related products until August 21, 2026. These talks aim to build upon a recently signed memorandum of understanding, working towards a more comprehensive peace agreement and the resolution of broader disputes, including ensuring safe passage through the Strait of Hormuz.