STORY: U.S. Vice President JD Vance said on Monday (June 22) that progress has been made in talks with Iran, with Tehran agreeing to allow nuclear inspectors and establish mechanisms to handle its frozen assets and manage ceasefires.

Conversations over nuclear inspections in Iran could start as soon as this week, he said.

Speaking after talks in Switzerland, Vance said technical talks were set to continue in the days and weeks to come.

The two sides agreed to a roadmap towards a lasting deal to end their war within 60 days at the talks in the Qatari-owned Swiss mountain resort of Buergenstock, which concluded early on Monday, mediators Pakistan and Qatar said.

They also agreed on a mechanism to end fighting in Lebanon between U.S. ally Israel and Iran-aligned Hezbollah, and opened a communications line to help ensure safe passage for commercial ships through the strait, a vital global oil supply route.

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Vance cites progress in Iran talks, nuclear inspections

VIDEO SHOWS: U.S. VICE PRESIDENT JD VANCE DISCUSSES DEVELOPMENTS FROM LATEST TALKS WITH IRAN AHEAD OF HIS RETURN TO THE UNITED STATES

RESENDING WITH COMPLETE SCRIPT

SHOWS: BUERGENSTOCK, SWITZERLAND (JUNE 22, 2026) (U.S. NETWORK POOL - No use USA)

1. U.S. VICE PRESIDENT JD VANCE WALKING TO PODIUM TO START PRESS CONFERENCE / (SOUNDBITE) (English) U.S. VICE PRESIDENT, JD VANCE, SAYING:

"Well, everybody, and good morning to everybody back in the United States, I guess good afternoon to the folks assembled. So, look, yesterday was a very, very good day. We made a lot of good progress. We did exactly what we wanted to do, which is accomplish four things for the American people. First, we wanted to build a mechanism for keeping the Strait of Hormuz open. It is open. We have seen, of course, gas prices and oil prices come down, millions and millions of barrels of crude and natural gas flowing through the Strait of Hormuz that weren't flowing before. But we also wanted to make sure that we actually set up the coordination mechanism so that we could de-mine the Strait of Hormuz, so that when there are the conflicts that inevitably come up, we can make sure we work through them, rather than that leading to escalation, and that is exactly what we did yesterday. Number two, we also wanted to build a mechanism, a similar mechanism, for de-confliction for the regional ceasefire. As the President of the United States has himself said, sometimes these ceasefires just mean you are shooting a little bit less. But we wanted to make sure that we had the proper coordination set up so that if there is shooting, if Hezbollah fires at Israel or if Israel responds, if there are other conflicts that arise in the region, we are actually talking to each other and figuring out how to stop the shooting, how to make the region safer, our allies and everybody else. We set that up as well. Number three, we, and this is probably what we are most excited about as Americans, the Iranians have agreed to invite IAEA inspectors back into their country. That is a major milestone for the American people and the first step in permanently de-nuclearising or permanently ending a nuclear weapons programme in Iran. And that's exactly what we wanted to do, that's exactly what we asked to happen. We made a lot of great progress on other nuclear talks, and that leads me to the final thing that we wanted to accomplish, which is actually set up the process for the technical negotiations that will follow. Our teams with the, working with the Iranians, the Qataris and the Pakistanis made great progress yesterday. They will continue to work at the technical level with the teams here in Buergenstock, and then those technical negotiations are going to continue over the weeks and days to come."

2. WHITE FLASH

3. (SOUNDBITE) (English) U.S. VICE PRESIDENT, JD VANCE, SAYING:

"We laid a very good foundation for a successful final deal. The final deal is the house. We set the foundation, we haven't built the house, but we have laid a successful foundation to get to a good place for the American people. I think it's important for all of us to appreciate how much was done, but honestly, there is still a lot to do as we continue to make progress on the nuclear talks, on the economic talks, as we continue to de-mine the straits and ensure that that flow of traffic continues to pick back up. A lot of progress, but still some work to do, and we are very committed to doing exactly that."

4. WHITE FLASH

5. (SOUNDBITE) (English) U.S. VICE PRESIDENT, JD VANCE, SAYING:

"The thing with the Iranians, yes, they, they did threaten to walk out, or at least there were social media threats that they would walk out. But we were negotiating well past 1:00 in the morning yesterday, so they didn't walk out. And their technical team is still here in Buergenstock working with our technical team, actually, as we speak, though I imagine maybe some of them are taking a break to watch this news conference. But look, what we told the Iranians yesterday is, when you guys engage in what us millennials might call 'trash talk', you can't expect the President of the United States not to respond and not to correct the record. So, when they say things that aren't true, the President is going to respond to it. I'm going to respond to it. Americans are going to respond to it. When they make threats that aren't rooted in reality, they have to accept that the President of the United States is actually going to set the record straight. That's all that happened. So, yes, there was a little bit of threatening, there was a little bit of whining, but at the end of the day, the talks continued, and we made great progress."

6. WHITE FLASH

7. (SOUNDBITE) (English) U.S. VICE PRESIDENT, JD VANCE, SAYING:

"It's funny, we were trying to call some of the inspectors last night around 2:00 in the morning. As you can expect, not many people were answering their phone at 2:00 in the morning. I expect that will happen at the minimum this week. We think even some of those conversations with the inspectors and with the IAEA could happen as soon as today, but I haven't checked in with our team since we made that 2:00 a.m. phone call to some of those inspectors."

8. WHITE FLASH

9. (SOUNDBITE) (English) U.S. VICE PRESIDENT, JD VANCE, SAYING:

"I mean, look, we want a regional ceasefire, right? We want Hezbollah to stop firing at our friends in Israel, we want Israelis to be able to live in peace. We also want to make sure that, you know, when things happen, they don't spiral into a broader escalation. And so, we've been, I think, very good at setting up what we are calling a de-confliction mechanism, but what it really is, is to say that when things happen, the sides are actually talking to one another. Sometimes, you know, you've got a bit of a chicken and egg problem, that you've got a junior guy who fires a drone that didn't have approval from the high command. Okay, of course, Israel has to respond to that. But then sometimes that response, we could actually have a better and more peaceful situation if Israel responds in the context of a conversation that's ongoing between Hezbollah, Lebanon, Israel and other partners in the region. There really hasn't been a mechanism to have those discussions until basically around 4:00 p.m. yesterday, Buergenstock time, when we set that up. So, what we are trying to do is to say, first of all, Israel and every other nation in the region has the right of self-defence, but we want to make sure that everybody has that right of self-defence. In the background, where we are talking about how to de-escalate these conflicts rather than spiralling out of control."

10. WHITE FLASH

11. (SOUNDBITE) (English) U.S. VICE PRESIDENT, JD VANCE, SAYING:

"Well, we want Israel's security to be protected, and we also want Lebanon's sovereignty to be protected, and this is going to be an ongoing conversation. The Israelis have been very clear they do not have territorial intentions on south Lebanon. The reason they feel they have to be there is because they're worried about Hezbollah fighters in south Lebanon firing into Israel. We do believe, of course it's going to require a lot of hard work, that we can get to a place where Lebanon's territorial integrity and sovereignty is protected, Israel's security is protected, and that's going to require some coordination with the Lebanese Armed Forces, and also it's going to require the Iranians to rein in Hezbollah. That's all the sort of things that we were talking about yesterday. And again, I think that we got much further compared to where we were just 24 hours ago."

12. WHITE FLASH

13. (SOUNDBITE) (English) U.S. VICE PRESIDENT, JD VANCE, SAYING:

"We wanted to make sure that we set up a process where if, if we ever unfreeze Iranian assets, we can ensure that that money, that Iranian money, goes to help the people of Iran and not to fund terrorism. So, Jared Kushner actually came up with a very interesting solution with the Qataris where basically, again, if there is any frozen Iranian assets that are unfrozen, then we have approval over that process, the Qataris have approval over that process, and then the money would actually go to buy American soy, American corn and American wheat for the benefit of the Iranian people."

14. WHITE FLASH

15. VANCE THANKING MEDIA AND ENDING PRESS CONFERENCE BEFORE WALKING OUT OF ROOM