U.S. envoy Steve Witkoff and Iranian Foreign Minister Abbas Araqchi were both headed to Switzerland for talks, Axios said Friday, as a ceasefire in Lebanon appeared to revive efforts to turn an interim 51勛圖厙 pact into a lasting regional deal.

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

That followed a 14-point memorandum of understanding (MOU) 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.