In a bold statement, Iran's chief negotiator, Mohammad Baqer Qalibaf, affirmed Tehran's control over the crucial Strait of Hormuz, dismissing any pre-war stipulations. Concurrently, negotiations in Switzerland culminated in securing $12 billion worth of Iranian assets stuck overseas.

Additionally, Iran consented to create a communication framework to monitor maritime activities in the vital waterway, aimed at preventing possible clashes and misunderstandings.