US and Iran Reach Ceasefire Agreement and Sanctions Relief on Lebanon
On June 22, 2026, the United States and Iran reached a ceasefire agreement in Lebanon during negotiations in Switzerland. The deal included easing oil sanctions for 60 days in exchange for Iran allowing international nuclear inspections. Both nations expressed optimism about the agreement's potential to end the broader Middle East war.
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Both Tehran and Washington hailed the negotiations that took place in Switzerland on June 22 to create a roadmap to close down the war in the Middle East. US Vice president JD Vance said it laid a good foundation for a deal to end the war. The parties agreed to establish mechanisms to open the strait of Hormuz but it is unclear who will control it.
US eases oil sanctions for 60 days after Iran agrees to allow international nuclear inspections.