US Vice President JD Vance stated that Iran could gain access to a $300 billion reconstruction fund if it fulfills certain conditions. The fund would be financed by a coalition of Gulf countries. In an interview with CBS on Monday, Vance said Iran’s access depends on meeting its commitments under the proposed arrangement.

Vance cautioned that Iranian hardliners might emphasize the benefits of the deal while downplaying the concessions required. He clarified that returning $24 billion in frozen Iranian assets is not part of the potential agreement, and the draft text has not yet been released. Supporters of a tougher stance on Iran have expressed concern that any new deal could allow Tehran to channel economic gains to regional allies and armed groups, echoing criticism from the Obama-era asset release.

Vance added that technical discussions would continue even after any agreement is signed. He emphasized that Iran would receive economic relief only if it verifiably refrains from developing or acquiring nuclear weapons. The US remains open to talks on asset releases and possible sanctions easing if Iran commits to long-term nuclear limits.