US temporarily suspends Iran oil sanctions

BURGENSTOCK – The United States suspended sanctions on Iranian oil on Monday after Vice President JD Vance said Iran would allow UN nuclear inspectors to return to the country.

“We laid a very good foundation for a successful final deal,” Vance told reporters following talks at Switzerland’s luxury Burgenstock resort aimed at ending the US-Israeli war with Iran.

Iranian Foreign Ministry spokesman Esmaeil Baqaei said for his part that “a very brief discussion took place regarding the nuclear issue, but there was no discussion of details.” In Washington, President Donald Trump said the Strait of Hormuz, the critical channel for much of the world’s oil, is now “totally open” to shipping. Iran closed the waterway early in the war, sending economic shock waves across the globe.

“We’re negotiating – we’ll see how that all goes – but we have two things,” Trump said. “We have an open strait and we have a country that will never have a nuclear weapon