Berliner Boersenzeitung - Switzerland says US-Iran talks postponed

EUR -
AED 4.095102
AFN 72.480008
ALL 90.801688
AMD 402.807486
ANG 1.995737
AOA 1023.635334
ARS 1721.721299
AUD 1.61933
AWG 2.007127
AZN 1.900047
BAM 1.955836
BBD 2.250342
BDT 139.162586
BGN 1.948955
BHD 0.422108
BIF 3342.96213
BMD 1.115071
BND 1.431727
BOB 13.402249
BRL 6.138357
BSD 1.117321
BTN 104.873949
BWP 15.391286
BYN 3.345962
BYR 21855.38619
BZD 2.247142
CAD 1.573644
CDF 2586.964483
CHF 0.914162
CLF 0.027822
CLP 1094.980351
CNY 7.444774
CNH 7.438418
COP 3608.76707
CRC 506.709417
CUC 1.115071
CUP 26.815498
CVE 110.267049
CZK 24.346956
DJF 198.963698
DKK 7.480457
DOP 67.891262
DZD 151.940824
EGP 59.957114
ERN 16.726061
ETB 183.378708
FJD 2.526309
FKP 0.833961
GBP 0.834166
GEL 2.893653
GGP 0.833961
GHS 13.055243
GIP 0.833961
GMD 83.077063
GNF 9896.183924
GTQ 8.538159
GYD 234.234353
HKD 8.744429
HNL 30.029558
HRK 7.547925
HTG 146.432722
HUF 363.51345
IDR 20192.258205
ILS 3.552538
IMP 0.833961
INR 104.716854
IQD 1693.83148
IRR 2108992.359359
ISK 136.919964
JEP 0.833961
JMD 177.323296
JOD 0.790629
JPY 176.710877
KES 145.192698
KGS 97.510486
KHR 4552.084602
KMF 492.86165
KPW 1003.563608
KRW 1520.737678
KWD 0.346765
KYD 0.931217
KZT 500.809308
LAK 25136.46717
LBP 100053.859534
LKR 371.556906
LRD 189.94353
LSL 18.477643
LTL 3.292514
LVL 0.674496
LYD 7.150133
MAD 10.921803
MDL 19.971371
MGA 5077.094359
MKD 61.556144
MMK 2341.311039
MNT 4015.078679
MOP 9.019368
MRU 45.108838
MUR 52.442198
MVR 17.176258
MWK 1937.436008
MXN 20.766565
MYR 4.528864
MZN 71.257178
NAD 18.477643
NGN 1502.23485
NIO 41.120764
NOK 10.548462
NPR 167.798119
NZD 2.015128
OMR 0.428348
PAB 1.117421
PEN 3.848972
PGK 5.092095
PHP 70.369926
PKR 309.016043
PLN 4.399568
PYG 6984.129802
QAR 4.084276
RON 5.343646
RSD 117.622186
RUB 91.352798
RWF 1649.13065
SAR 4.188587
SBD 8.974739
SCR 15.358485
SDG 670.719139
SEK 11.033072
SGD 1.430306
SHP 0.835103
SLE 25.591287
SLL 23382.48045
SOS 638.511867
SRD 41.908265
STD 23079.712667
STN 24.500455
SVC 9.776182
SYP 14498.149201
SZL 18.471343
THB 37.411034
TJS 10.307092
TMT 3.902748
TND 3.343362
TOP 2.684822
TRY 55.9111
TTD 7.577141
TWD 36.546782
TZS 2952.454872
UAH 50.616941
UGX 4570.084937
USD 1.115071
UYU 44.950835
UZS 13332.247784
VES 999.456181
VND 28526.296796
VUV 133.25575
WST 3.108617
XAF 655.957
XAG 0.021465
XAU 0.000274244363
XCD 3.013535
XCG 2.013637
XDR 0.788413
XOF 655.957
XPF 119.331742
YER 263.853652
ZAR 18.420333
ZMK 10036.978597
ZMW 22.703422
ZWL 359.052318
SSP 6406.644798
MXV 2.33632
  • CMSD

    -0.1200

    19.81

    -0.61%

  • JRI

    0.0000

    10.77

    0%

  • BCC

    -1.8200

    74.15

    -2.45%

  • CMSC

    -0.2228

    19.53

    -1.14%

  • BCE

    0.2000

    20.34

    +0.98%

  • RIO

    0.0100

    94.17

    +0.01%

  • AZN

    -2.7400

    161.47

    -1.7%

  • GSK

    -1.1800

    48.17

    -2.45%

  • RBGPF

    0.0000

    65

    0%

  • NGG

    0.8800

    75.82

    +1.16%

  • RYCEF

    -0.7300

    19.08

    -3.83%

  • BTI

    -0.4500

    54.4

    -0.83%

  • BP

    0.4700

    43.99

    +1.07%

  • RELX

    -0.0600

    33.18

    -0.18%

  • VOD

    -0.1800

    16.15

    -1.11%

Switzerland says US-Iran talks postponed

Switzerland says US-Iran talks postponed

Switzerland announced Friday that planned talks following up on the deal to end the Middle East war had been postponed, hours after US Vice President JD Vance's departure for the Alpine country was cancelled.

Text size:

The signing of the accord this week was intended to end the conflict in Iran, reopen the Strait of Hormuz and begin a 60-day period for talks on wider issues, including Tehran's nuclear programme.

At the same time, the deal was to halt the fighting in Lebanon, but Israel's military announced on Friday new strikes against Hezbollah targets in the nation's south.

"The planned talks between the US, Iran, Qatar and Pakistan have been postponed," the Swiss foreign ministry said in a message to AFP.

"Switzerland remains ready to facilitate these talks. The relevant preparatory work at Burgenstock is continuing," it added, without providing a new date for the talks.

It followed the announcement late Thursday from the White House that Vance's trip was cancelled, with a spokesperson saying the "logistics of these negotiations have never been simple or predictable."

"We look forward to beginning technical talks as soon as possible."

In Iran, the Tasnim agency had said "nothing has been confirmed" about the Iranian delegation's trip to Switzerland.

The agreement has been signed separately by US President Donald Trump and his Iranian counterpart Masoud Pezeshkian.

Iran's supreme leader Ayatollah Mojtaba Khamenei said Thursday that he had approved the accord, despite reservations, even as the United States lifted a blockade of Iranian ports.

Mojtaba Khamenei, who took over after his father and longstanding ruler Ali Khamenei was killed in an airstrike on the first day of the war on February 28, said in a written statement that he held a "different view" on the deal, without elaborating.

"But I issued my permission due to the commitment" made by officials including Pezeshkian to "protect the rights of the Iranian nation".

"Face-to-face negotiations" with the United States will be held in the future, but that does not "mean accepting the enemy's point of view", he added.

On Friday, Iran's chief negotiator Mohammad Bagher Ghalibaf warned that Tehran would give a "decisive" response if the agreement was breached.

- 'Maybe they start fighting again' -

American forces on Thursday lifted their naval blockade of Iranian ports that had prevented ships from sailing to or from the Islamic republic, the US military said, noting that American warships "will remain in the general area".

Activity was still muted in the Strait of Hormuz, the strategic bottleneck for energy shipments that Iran blockaded during the conflict.

Three Saudi oil tankers left the Gulf through the strait on Thursday, maritime trackers said, as did a French vessel loaded with liquefied natural gas.

Iranian state TV, citing a statement from the country's Supreme National Security Council, said that ships "seeking passage through the Strait of Hormuz must submit their request" to a new government body tasked with overseeing the waterway.

In keeping with the terms of the deal, it added, "no fees whatsoever will be collected from applicants for a period of sixty days".

The deal is aimed at bringing an end to the US-Israeli conflict with Iran, which saw five weeks of all-out war until a ceasefire was struck in early April.

But fighting has not stopped in Lebanon, with Tehran-backed Hezbollah saying on Friday that its fighters destroyed three Israeli tanks in the country's south and that clashes were "ongoing".

Israel has yet to confirm if its tanks were hit, but its military said Friday it was striking Hezbollah targets in several areas of southern Lebanon.

Hezbollah drew Lebanon into the Middle East war in March by attacking Israel to avenge the killing of Iran's supreme leader at the start of the US-Israeli campaign.

Some in Tehran were downbeat at the prospects for peace.

"I have no hope that this is a lasting agreement. Maybe after the 60 days they start fighting again," said Mina, 54, a psychologist from Tehran.

- 'What does that get us?' -

Under the text, Washington commits to immediately waive oil sanctions crippling Iran's economy.

And once a final agreement is reached on Iran's nuclear programme, the United States will facilitate the release of a $300 billion reconstruction fund supported by regional nations, the deal says.

Trump's decision to end the war, in which 13 US service members were killed and a vast proportion of US ammunition stockpiles was used, has unsettled some of his allies at home.

US Senator Bill Cassidy from Trump's Republican Party described it as the "worst foreign policy blunder in decades".

But Trump argued that using military force to wring more concessions out of Tehran would have been counterproductive.

"The only way I can get tougher is if I go in there for another two or three weeks and continue to bomb the hell out of 'em. Right? But what does that get us? The Strait of Hormuz will not be open," he told Axios.

"We wouldn't have oil for months," he said. "This is the kind of thing that could cause a worldwide depression."

(Y.Berger--BBZ)