OBBUERGEN, Switzerland (AP) — Vice President JD Vance on Monday said his lengthy talks with senior Iranian officials in Switzerland created a “good foundation for a successful final deal” as they negotiate bringing a permanent end to the war that the U.S. and Israel began in late February.
“The final deal is the house,” Vance told reporters after initial talks with Iran’s parliamentary speaker . “We set the foundation. We haven’t built the house, but we’ve laid a successful foundation to get to a good place for the American people.”
Iran noted “major progress" to end the fighting in Lebanon and called that the first real test of the negotiations.
The which started Sunday and stretched into early Monday, had rocky moments. But the talks also led to some agreements, mediators said, as technical talks continue this week.
Vance floats unfreezing Iranian assets to purchase U.S. goods
The vice president suggested that the U.S. could agree to unfreeze Iranian assets for purchases of U.S. soy, corn and wheat. He said Jared Kushner, the son-in-law of President Donald Trump and one of the lead U.S. negotiators, came up with the idea with officials from Qatar.
Vance said Qatar would have approval over the process, and Iranian money that would be accessible as sanctions were lifted “would actually go to buy American soy, American corn and American wheat for the benefit of the Iranian people.”
Iran, which has pressed for the unfreezing of billions of dollars in assets, has not spoken to the idea of using the funds to purchase American products. The assets have been made inaccessible over years of sanctions, banking restrictions and legal disputes imposed by the U.S. and international community on the Islamic Republic.
High-level talks have ended but technical talks continue
In a joint statement, mediators Pakistan and Qatar said that while the high-level engagement had ended, technical negotiations would continue in Switzerland.
The mediators hailed “encouraging progress.”
to end the fighting in Iran, signed last week by the leaders of the U.S. and Iran, sets a 60-day period for negotiators on issues including the future of amid concerns that it wants to use it for military purposes, a claim Iran denies.
Vance and U.S. officials claimed progress on multiple fronts, including the establishment of “mechanisms” to ensure the , , remains open and that a ceasefire in the fighting between Israel and Iran-backed Hezbollah militants in southern Lebanon holds.
While he was returning to Washington, Vance said the technical talks are critical.
“We wanted to set up a structure for that so that you could have proper political oversight, but obviously, as much as this place is very beautiful, I can’t stay here for the next 60 days,” Vance told reporters.
U.S. envoys Kushner and Steve Witkoff are handling many of the technical details.
Trump wasn't in Switzerland but loomed large over talks
The talks were jolted by statements from , who fired off comments from thousands of miles away that offended the Iranians.
Iranian state media on Sunday said talks had paused after the “publication of an insulting message by the U.S. President," according to Iranian state media.
Ultimately, the Iranians remained on site and negotiations continued, according to a senior U.S. diplomat, who was not authorized to comment publicly and briefed reporters on the condition of anonymity.
The diplomat said among the issues discussed was Iran’s messaging as it related to the Strait of Hormuz, which Iran’s military said it closed Saturday in response to continued fighting in Lebanon. U.S. Central Command has disputed that Iran closed the strait again.
Ahead of the talks, Iranian President Masoud Pezeshkian had vowed to “never back down from the right to enrich uranium,” according to state media.
Trump on Sunday told Fox News in a phone interview that Pezeshkian should watch what he says and threatened to take over Iran, according to one of the news channel's correspondents.
Trump also posted on social media as negotiators worked: “Iran must immediately stop their highly paid PROXIES in Lebanon from causing trouble. If they don’t, we’ll hit Iran very hard again, just like we did last week, only harder!!!”
Iranians say there was progress on their top issue
Iranian Foreign Minister Abbas Araghchi wrote on X that mediators .” But he said the first “real test” of negotiations would be whether the mechanism succeeds in halting the fighting between Israel and Hezbollah.
Iran has insisted on first addressing the fighting in Lebanon. Neither Israel nor Hezbollah is a signatory to the U.S.-Iran deal.
A renewed ceasefire in Lebanon appeared to be holding, and Israel’s military said it would lift movement restrictions for residents near the Israel-Lebanon border on Monday.
Cautious calm continued Monday in Lebanon, with no Israeli strikes reported overnight. Hezbollah has not announced any attacks on Israeli forces since Saturday.
The lull in fighting in Lebanon is the longest since the latest Israel-Hezbollah war began on March 2.
“This region has been a basket case for a very long time," Vance said.
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Kim reported from Washington. Associated Press reporters Abby Sewell in Beirut, David Rising in Bangkok and Jon Gambrell in Dubai, United Arab Emirates, contributed to this story.
