Oil prices surged more than 6% on Thursday.
U.S. Vice President JD Vance says talks with Iranian officials in Switzerland have laid a "good foundation for a successful final deal" to end the war involving the U.S. and Israel.
U.S. Vice President JD Vance landed Sunday in Switzerland to help formally launch negotiations with Iranian leaders over curbing Tehran's nuclear program and building out the fragile interim deal to end the war in Iran.
U.S. and Iranian negotiators headed to a Swiss venue Saturday for talks on adding key details to their interim agreement to halt the war, hours after Tehran said it closed the Strait of Hormuz because of Israel's attacks in Lebanon and warned that little might be achieved if the fighting doesn't stop.
Pres. Trump said he signed an agreement with Iran that U.S. officials say calls for Tehran to dilute its stockpile of highly enriched uranium and waive sanctions on the country, immediately allowing Iran to sell its oil freely in a major concession from Washington.
The United States and Iran appear close to a deal to end their war and reopen the Strait of Hormuz.