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Vance: Iran could be eligible for a $300 billion reconstruction fund support, subject to conditions

2026-06-15 15:08

Odaily reported that US Vice President Vance stated that Iran "potentially qualifies" for a $300 billion reconstruction fund, financed by Gulf states, contingent on Iran fulfilling specific obligations.

In an interview with CBS News, Vance said: "As long as they meet their commitments, they could be eligible for this type of financial support, which will be provided by a coalition of Gulf states." Although Vance indicated that the US is "willing to discuss many options on the table," he denied that releasing $24 billion of frozen Iranian assets was part of the agreement.

The text of the agreement has not yet been made public. During multiple television interviews on Monday morning local time, Vance stated that after the agreement is signed, both sides will continue to negotiate to finalize more specific and technical details. He repeatedly emphasized that Iran would only be allowed access to the relevant funds after fulfilling its pledge not to manufacture or acquire nuclear weapons.

Additionally, Iranian Foreign Minister Araghchi said, "We have completed a memorandum of understanding," adding that some of its provisions will be implemented on the 15th, while the remainder will be executed after the memorandum is signed on the 19th. (Jin Shi)