US waives Iran sanctions, Trump: He will 'do what I have to' if Tehran misbehave

The United States waived sanctions on Iran for 60 days from Monday after the first talks under a nascent peace deal, with U.S. President Donald Trump saying he will "do what I have to do" if Iran does not stick to its side of the agreement.



U.S. Vice President JD Vance said talks with Iranian officials in Switzerland had laid a good foundation for a final peace deal, although Iran denied that it had begun discussions of its nuclear program.



The two sides, trying to build on the interim deal they signed last week, agreed a roadmap towards a permanent agreement within 60 days at the talks in the Qatari-owned Swiss mountain resort of Buergenstock, mediators Pakistan and Qatar said.



They also agreed on a mechanism to end fighting in Lebanon between U.S. ally Israel and Iran-aligned Hezbollah, and opened a communications line to help ensure safe passage for commercial ships through the Strait of Hormuz in order to avoid conflict in the strategic waterway.



In the first of several steps envisaged under the agreement to provide economic relief to Iran, the U.S. Treasury announced a waiver until August 21 on sanctions, allowing Tehran to sell oil and related products and receive payment for them.