Mediators announce framework for final US-Iran agreement

The United States and Iran have agreed on a 60-day roadmap aimed at reaching a final agreement, according to a joint statement issued by mediators Pakistan and Qatar following talks in Switzerland.

The mediators said a high-level committee has been established to provide political oversight of the process, while chief negotiators will regularly report to the body and oversee working groups focused on issues including Iran's nuclear programme, US sanctions and dispute resolution mechanisms.

The statement said the parties also agreed to establish a direct communication line concerning the Strait of Hormuz and a de-confliction cell tasked with supporting the end of military operations in Lebanon.

Iranian foreign minister Abbas Araghchi described the negotiations as having achieved "major progress" towards ending the war in Lebanon.

He also said the United States had waived sanctions on Iranian oil exports, released some frozen Iranian assets and launched a major reconstruction and development initiative for Iran as part of the broader understanding between the two sides.