The US and Iran began talks on a permanent peace deal that seek to settle the issue of the Islamic Republic’s nuclear program and permanently reopen the Strait of Hormuz.

The first high-level meetings of US, Iranian, Qatari and Pakistani representatives commenced Sunday in the Swiss resort of Bürgenstock, with US Vice President JD Vance and Iranian Foreign Minister Abbas Araghchi among attendees.

But even as the meetings got underway, President Donald Trump threatened in a social media post Sunday to strike Iran again if it doesn’t “immediately stop their highly paid PROXIES in Lebanon from causing trouble.”

On today’s show, Bloomberg This Weekend hosts David Gura, Christina Ruffini, and Lisa Mateo speak with:

- Bloomberg News Economy & Government Reporter Bastian Benrath-Wright, reporting from the summit where Vice President JD Vance is meeting with delegates from Iran, Pakistan, and Qatar.

- Bloomberg Daybreak Europe Anchor Lizzy Burden on the pressure around Keir Starmer to step down as UK Prime Minister.

- Politico New York State Politics Reporter Jason Beeferman on the seats up for grabs in the New York primary elections.

- Bloomberg Businessweek Senior Writer Amanda Mull on the gold rush in peptides, as the FDA considers easing restrictions on the drug.

- Kevin Maguire, author of "The New Fatherhood," on how fatherhood books are failing modern dads.

For more conversations like this, watch and listen to Bloomberg This Weekend live on Saturdays and Sundays from 7AM-10AM ET. Watch on Bloomberg Television, listen on Bloomberg Radio and stream the show live on the Bloomberg Business app and Bloomberg.com/video.

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Iran said it has closed the Strait of Hormuz for shipping transit due to what it called Israel’s violation of a ceasefire, even as Pakistan said US-Iran talks were set to open in Switzerland on Sunday.

The Hormuz action casts a new cloud over the talks, which are aimed at permanently ending a conflict that’s thrown the Middle East into disarray. The immediate impact on vessel traffic was unclear, but even before the recent ceasefire, millions of barrels of oil had been quietly escaping the waterway each day.

Iran’s joint military command said the closure is Iran’s first step in response to Israel’s continued attacks in southern Lebanon, the semi-official Tasnim news agency reported on Saturday.

On today’s show, Bloomberg This Weekend hosts David Gura, Christina Ruffini, and Lisa Mateo speak with:

- Dan Williams, Bloomberg News Jerusalem Reporter, and Daniel Tannebaum, Global Anti-Financial Crime Practice Leader and partner with Oliver Wyman, on the US-Iran talks set to open in Switzerland on Sunday and the latest in Iran.

- Democratic Senator Raphael Warnock of Georgia, on voting rights, Elon Musk, America 250, and his new book The Crooked Places Made Straight.

- James Woolcock, Bloomberg News UK Politics Reporter, on Prime Minister Keir Starmer facing new calls to resign following the election of Andy Burnham to Parliament.

Plus, David, Christina, and Lisa Mateo play Pointed: The News Quiz for Risk Takers.

For more conversations like this, watch and listen to Bloomberg This Weekend live on Saturdays and Sundays from 7AM-10AM ET. Watch on Bloomberg Television, listen on Bloomberg Radio and stream the show live on the Bloomberg Business app and Bloomberg.com/video.

See omnystudio.com/listener for privacy information.

US President Donald Trump said an interim deal to reopen the Strait of Hormuz and end the conflict with Iran would be signed on Sunday, a claim contradicted by Iran as the two sides still differ over key points, including management of the waterway and payments to the Islamic Republic.

“The Deal is scheduled to get signed tomorrow, and immediately after it is signed, the Hormuz Strait is OPEN TO ALL,” Trump said in a social media post on Saturday, while claiming that Iran “no longer wants a Nuclear weapon.”

Pakistan, which has served as a mediator, is preparing for an electronic signing of the peace deal, “followed by technical-level talks next week,” Pakistani Prime Minister Shehbaz Sharif said. Those talks would last up to 60 days and focus on Iran’s nuclear program.

Plus, the New York Knicks ended one of the longest championship droughts in the NBA, bringing relief to their long-suffering fans.

Jalen Brunson, who was named the Finals MVP after the game, scored 45 points to power New York to victory over San Antonio.

On today’s show, Bloomberg This Weekend hosts David Gura, Christina Ruffini, and Lisa Mateo speak with:

- Representative Johnny Olszewski, (D) Maryland, on the latest with the US-Iran peace deal, as well as his idea for Supreme Court term limits.

- Josh Wingrove, Bloomberg News Senior White House Reporter, on the potential US-Iran peace deal ahead of President Trump’s arrival in Geneva ahead of the G7 Summit.

- Bloomberg Business of Sports Reporter Vanessa Perdomo and Sportico Deputy Editor Eben Novey-Williams, on the Knicks first NBA title in 53 years and what’s next for the team.

- Chris Rovzar, Bloomberg Pursuits, Global Luxury Editor on choosing the perfect Father’s Day gift to match your pop’s personality.

- Nicholas Kristof, New York Times Opinion Columnist on the “Save Our Bacon” bill as well as foreign influence in American policy.

For more conversations like this, watch and listen to Bloomberg This Weekend live on Saturdays and Sundays from 7AM-10AM ET. Watch on Bloomberg Television, listen on Bloomberg Radio and stream the show live on the Bloomberg Business app and Bloomberg.com/video.

See omnystudio.com/listener for privacy information.