Israel and militant group Hezbollah agreed to a ceasefire in Lebanon on Friday after escalating fighting cast doubt over US-Iran talks critical to reopening the Strait of Hormuz ‌and stabilizing oil supplies.

That followed a 14-point memorandum the two sides signed this week to halt fighting and open a 60-day window to resolve disputes over Iran’s nuclear program, as well as other thorny issues needed to forge a more durable deal.

US Vice President JD Vance canceled plans on Thursday to travel to Switzerland for the talks, however, amid rising tension in Lebanon between Israel and Hezbollah.

With the ceasefire in place, Witkoff is heading to Switzerland to join Jared Kushner, President ​Donald Trump’s son-in-law, who is already there, Axios said. Araqchi plans to travel there on Saturday, it added.

The development may signal that both sides intend to begin technical negotiations aimed at securing a permanent ​truce.