Iran has agreed to readmit international nuclear inspectors, a move that signals significant progress in ongoing peace negotiations between Tehran and Washington.

Vance announced the development during a press conference in Switzerland, stating that the agreement allows atomic agency monitors to return to the country.

He emphasized that the talks have yielded "much good progress," suggesting that the two sides are moving beyond preliminary positioning toward concrete implementation steps.

The decision represents a tangible concession from Iran and addresses a long-standing US demand for transparency in its nuclear program.

Vance described the broader diplomatic framework as a concise, one-and-a-half-page document that is "very general" in scope.

He emphasized that the talks have yielded "much good progress," suggesting that the two sides are moving beyond preliminary positioning toward concrete implementation steps.

The agreement on inspections is likely to be viewed by markets as a reduction in the immediate risk of military escalation or renewed sanctions.