US and Iranian Negotiators Begin Talks in Switzerland

High-stakes US-Iran talks begin in Switzerland with VP Vance leading the US delegation, focusing on nuclear progress, the Lebanon conflict, and the Strait of Hormuz. President Trump touted market optimism from a deal, saying stocks have rallied on hopes and oil prices are tumbling as tankers leave the strait. The fragile ceasefire and Iran's control over the strait remain key obstacles. - US, Iran, Pakistan, Qatar hold quadrilateral talks in Switzerland over nuclear and regional security issues. - Vice President JD Vance leads the US delegation with special envoys Whitkow and Kushner. - A memorandum of understanding signed earlier left unresolved details, including Strait of Hormuz passage and the Lebanon ceasefire. - Iran claims the ability to close the strait at will, while the US insists it remains open, creating ambiguity for shipping and insurance. - President Trump asserts that deal progress has already sent stocks higher and caused oil to tumble. - The talks face a tight 60-day timeline with risk of collapse if Iran does not negotiate in good faith. - The Lebanon conflict remains a side issue with limited control over Hezbollah and Israel.