Vice President JD Vance said Monday that Iran will not receive any U.S. taxpayer money under a proposed agreement aimed at ending the ongoing conflict and curbing Tehran’s nuclear ambitions, while leaving open the possibility of foreign investment if sanctions are lifted and Iran complies with the conditions of the deal.
Senior US officials said that both President Trump and Vice President Vance electronically signed a memorandum of understanding with Iran on Sunday, while Mohammad Bagher Qalibaf, speaker of the Iranian Parliament, signed for the Iranian side.
The details of the memorandum will be released Tuesday or Wednesday, the officials said.
The agreement is only the first step, one said, and then “real technical discussions” will begin later this week and will be led by Vance.
“We’ll be releasing the text this week, and what everybody will see is that Iran doesn’t get a dime of money unless they perform their obligations, and the money that we’re talking about is fundamentally sanctions relief,” Vance said in an interview with ABC’s “Good Morning America” on Monday.
“No,” Vance told Fox News host Sean Hannity when asked whether Iran would receive American money. “They never get a dime of American taxpayer money, ever, full stop. Not even close.”
He emphasised that the deal does not involve direct US financial support, though he said economic opportunities could emerge if Iran is reintegrated into the global economy.
“What we have said is there’s a lot of economic benefit in the United States for leaving a lot of sanctions and welcoming them back into the world economy,” Vance said. “Not American money, but there’s a lot of economic prosperity that can flow from that.”
Touting the newly reached agreement with Iran, Vance said the Trump administration had achieved its key objectives and predicted the deal could “fundamentally transform the Middle East” for decades to come.
“I think it’s a big moment for the United States of America, thanks of course to the president’s leadership and the hard work of the entire team,” Vance told during the interview.
Vance added that the United States could support foreign investment in Iran under specific conditions tied to compliance with the agreement, including possible sanctions relief.
“If the Iranians behave, and if there are sanctions relief, and if the Iranians are integrated into the world economy, we would invite other countries,not us, but other countries,to invest in their country,” he said.
Earlier in the day, Vance had suggested that Iran “could have access” to a proposed $300 billion reconstruction fund if it meets the terms of the deal, which he said would be financed by Gulf nations.
The vice president also reiterated that the agreement would not include direct U.S. funding and stressed that any economic benefits would be conditional on Iran’s compliance.
The comments come amid ongoing diplomatic developments surrounding a broader U.S.-brokered agreement that officials say is aimed at ending the conflict and curbing Iran’s nuclear ambitions.
