Live updates: US-Iran talks in Switzerland; Trump threatens Tehran delegation

Key Points:

• Iran’s chief negotiator Mohammad Bagher Ghalibaf dismissed US threats to “take over” the Strait of Hormuz, warning Iran’s military is prepared to respond and emphasizing Iran will take action despite American rhetoric.
• US President Donald Trump and Senator Lindsey Graham threatened military control of the Strait of Hormuz and potential resumption of bombing in Iran if diplomatic talks fail, with Trump suggesting the US might collect tolls on oil shipments through the strait.
• Ongoing conflict in Lebanon involving Israel and Hezbollah complicates US-Iran negotiations, as Iran insists on a ceasefire in Lebanon as a precondition for implementing the peace agreement, while Israel refuses to withdraw forces from southern Lebanon.
• US Vice President JD Vance and Pakistani mediators are facilitating talks in Switzerland with Iranian officials, aiming to advance nuclear negotiations and achieve a regional ceasefire, though progress remains uncertain amid continued violence.
• Global energy markets face volatility due to the conflict, with countries seeking to diversify energy sources beyond the Middle East; US energy officials downplay the benefits Iran gains from lifting oil sanctions, emphasizing continued efforts to prevent nuclear proliferation.