Iran's chief negotiator Kalibaf said Tehran and Muscat have established a joint committee to discuss issues in the Strait of Hormuz; specific details remain to be determined.

Iran’s deputy foreign minister, who heads the Iranian technical negotiation delegation, said consensus from the Swiss four‑party talks establishes a high‑level supervisory committee for follow‑up Iran‑US negotiations, comprising Iran’s parliament speaker, Iran’s foreign minister, the US vice president, Pakistan’s prime minister and the Qatari prime minister. Four working groups will cover sanctions relief, nuclear issues, reconstruction and economic development, and monitoring and implementation. Parties agreed to set up a liaison point between Iran and the US to safeguard commercial shipping through the Strait of Hormuz and to create a Lebanon de‑escalation cell involving Iran, the US, Pakistan and Qatar; the four technical delegation heads will supervise the working groups and report to the high‑level committee. Negotiators also followed up on issuing a general licence for sales of Iranian oil, petrochemical products, derivatives and related services and on unfreezing Iranian assets; the US has issued related sales licences and posted them on the US Treasury OFAC website. Parties agreed to activate a previously signed frozen‑funds release arrangement totalling $12bn, split into two $6bn tranches, and to move immediately to execution.

At today’s FORCE conference media session, Volcano Engine president Tan Dai said he is not aware of any plans to spin off Volcano Engine and pursue a separate IPO. ByteDance is currently focused on its Doubao large model, Seedance video generation, and deploying enterprise AI-native architecture and related industry/business initiatives.