Vance tapped as Trump’s chief negotiator as U.S., Iran enter 60-day truce talks

The United States and Iran reached a provisional 60-day ceasefire, pausing hostilities while deferring decisions on Iran’s nuclear program, its support for proxy forces and the Strait of Hormuz to subsequent talks. Vice President JD Vance has been named the lead U.S. negotiator, though his planned trip to Switzerland for the opening of talks was abruptly canceled. The White House said the U.S. delegation remains ready to depart when possible. The development is primarily geopolitical, with market effects seen mainly through energy-supply expectations and shifts in risk sentiment rather than direct economic data or policy changes.