Vance says Iran could receive $300 billion Gulf reconstruction fund if it meets conditions

WASHINGTON, United States — WASHINGTON — U.S. Vice President JD Vance said Iran could obtain a $300 billion reconstruction fund from Gulf states, but only if Tehran fulfills specific commitments. Speaking to CBS, Vance said the financing could come from a Gulf states alliance, while warning that Iranian hardliners would exaggerate the benefits of any deal while downplaying the concessions they would have to make. Vance said the United States remained open on a range of issues under negotiation, but rejected the idea that the release of $24 billion in frozen Iranian funds was part of an unpublished agreement text. He said the unfreezing of assets was open for discussion, but the central issue was the removal of sanctions in exchange for long-term Iranian commitments on its nuclear program. The comments come as Washington and Tehran continue to weigh the terms of a possible broader agreement addressing Iran's nuclear activities and sanctions relief. No further details on the timing or structure of any potential deal were immediately available.