US President Donald Trump on Tuesday said Iran has “fully and completely agreed” to nuclear inspections in the long term as part of the ongoing negotiations between Washington and Tehran, despite statements from the Islamic Republic that it hasn’t agreed to do so.
Trump statements on maritime flow and falling oil prices
In a post on Truth Social, Trump said 19 million barrels of oil transited through the Strait of Hormuz in a single day on Monday, and said the prices of oil are plunging as tensions ease.
Trump said Iran had accepted “the highest level nuclear inspections long into the future” and argued the inspections would ensure what he called “nuclear honesty”.
Official denial from the Iranian administration
However, the Iranian administration has denied it held any discussions related to the nuclear program during the talks in Switzerland, or that it has agreed to invite International Atomic Energy Agency (IAEA) inspectors to the country for any form of inspection, Reuters reported.
Iran’s foreign ministry spokesperson Esmaeil Baqaei said earlier that Tehran had no plans to allow nuclear inspectors to access the nuclear sites struck by US and Israel last year, BBC reported.
Status of the naval blockade and strategic openings
The US President further declared that the Strait of Hormuz will remain open and that Washington’s naval blockade would end, but added that all ships remain in place in case it becomes necessary to reimpose its blockade of Iranian ports, something he said “at this point, highly unlikely.”
US Vice-President JD Vance, Prime Minister of Islamic Republic of Pakistan, Shehbaz Sharif and Premier minister of Qatar Mohammed bin Abdulrahman bin Jassim Al Thani, at the Buergenstock resort resort in Obbuergen, near Lucerne, Switzerland. (AP)
Temporary sanctions relief and the 60-day waiver
The United States on Monday announced waiving sanctions on Iran for 60 days after the first round of talks between Washington and Tehran concluded in Switzerland.
The US Treasury Secretary Scott Bessent announced temporary waiver on Iranian oil sanctions until August 21.
Escrow accounts and humanitarian provisions
Treasury Department has also agreed to release $300 billion private fund to trigger investment into Iran as part of the framework.
Trump said the fund that US Treasury is releasing will go into escrow under US control and will be used to buy food and medical supplies exclusively from America, including wheat, corn, and soybeans.
“These are things that are desperately needed by Iran. This is a humanitarian crisis, and I feel it is necessary to help, NOW, before it is too late,” Trump wrote on Truth Social.
President Donald Trump waves as he arrives on Marine One at Joint Base Andrews, following a trip to Camp David. (AP Photo) 
US Vice-President JD Vance, Prime Minister of Islamic Republic of Pakistan, Shehbaz Sharif and Premier minister of Qatar Mohammed bin Abdulrahman bin Jassim Al Thani, at the Buergenstock resort resort in Obbuergen, near Lucerne, Switzerland. (AP)
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