The vice president said the timing will depend in part on when Iranian officials are able to attend.
Washington has twice previously extended its waiver on Russian seaborne oil to help nations cope with the energy shortage resulting from the war in Iran.
‘The War Department is here and prepared to restart if we need to,’ the Pentagon chief said.
The vice president said more than a dozen ships have reached Iranian ports as vessel movements accelerate under a war-ending memorandum of understanding.
The key to the agreement is Washington’s nuclear demands, which must be met before any sanctions relief or economic waivers.
Early vessel movements through the Strait of Hormuz signal growing confidence in the U.S.–Iran memorandum of understanding.
The negotiations are slated to take place at the Bürgenstock mountaintop resort overlooking Lake Lucerne.
It could take 90 days to clear mines and get stranded tankers to transit the Strait, and nine months for Gulf States to restore production to Feb. 27 capacity.
A proposed FY2027 defense bill provision would require the Pentagon to test technologies that reduce troops’ exposure to commercial mobile surveillance.
The deal kicks off a 60-day period of negotiations before both sides reach a final agreement.
Details of the agreement were revealed earlier Wednesday by a senior U.S. official.
Earlier on Wednesday, U.S. officials released details of the agreement to the public.
The draft initiates a 60-day process of negotiations aimed at brokering a final deal to end the war, reopen the Strait of Hormuz, and eventually rebuild Iran.
Restoring production in the Persian Gulf could take time after the war with Iran ends.
Trump warned on Wednesday that if negotiations collapse, he will resume bombing Iran.
The White House and other U.S. officials have not published the terms of the deal with Iran so far.
The president said Netanyahu should be more ’responsible' and suggested Syria could deal with the Iran-backed terrorist group more effectively.
The U.S. president warned that Tehran will ’suffer unbelievable consequences’ if it violates the agreement.
Iran’s Supreme National Security Council has announced the two sides have finalized a memorandum of understanding to end the months-long conflict.
The vice president said that the United States will also help Tehran ‘destroy’ a stockpile of enriched uranium.