U.S.-Iran Conflict Transitions to Economic and Maritime Negotiations Amid Funeral Ceasefire

The U.S.-Iran conflict has entered a structured diplomatic phase following the funeral of Ayatollah Ali Khamenei. Under the terms of the emerging 14-point interim agreement, Iran has officially confirmed a ban on the procurement and development of nuclear weapons. Formal signing of this agreement is scheduled for Friday in Switzerland, where negotiators will focus on sanctions relief and the release of frozen assets. On the maritime front, Iran announced that it will begin charging "service fees" for vessels transiting the Strait of Hormuz once a 60-day fee-free period expires. Iranian officials clarified these are not tolls but charges for security and environmental supervision. Concurrently, Oman is deepening its role as a regional mediator, working with Tehran to establish a new bilateral maritime security framework that offers "special treatment" to regional allies. Domestically, mourning remains the central focus in Iran, though security concerns persist. The new Supreme Leader, Mojtaba Khamenei, did not attend the Tehran funeral ceremonies following security advice, though he is expected to lead prayers at the burial in Mashhad on July 9. President Donald Trump has confirmed that technical talks will resume immediately following the conclusion of the funeral proceedings, while also hinting at a potential meeting with Israeli Prime Minister Benjamin Netanyahu to coordinate regional strategy.