According to CCTV, Iranian Deputy Foreign Minister Ali Babadi stated that the Iran US negotiations will be conducted under the supervision of a high-level committee, and four working groups will be established for lifting sanctions, nuclear issues, reconstruction and economic development, and supervision and enforcement. All parties have decided to establish a contact point for merchant ship safety in the Strait of Hormuz and a team to de escalate the conflict in Lebanon. The US has issued a sales license for Iranian oil and derivatives, which has been published on the website of the Office of Foreign Assets Control of the US Treasury Department. All parties agree to initiate the unfreezing arrangement for frozen funds, with a total amount of 12 billion US dollars, divided into two installments of 6 billion US dollars each, and immediately enter the execution phase.
