Vance Says Iran Won’t Get $300B Reconstruction Fund ‘Unless They Totally Transform Themselves’

Vice President JD Vance defended the terms of the still-unreleased peace agreement with Iran on Tuesday, insisting that any proposed $300 billion reconstruction fund would only become available if the Islamic Republic fundamentally changes its behavior.

Speaking on Fox & Friends, Vance pushed back on criticism of the agreement and argued that reports about benefits for Iran were missing a key condition.

“You see the propagandists are saying, ‘Here are all the things Iran gets,’ and the fine print, which [is] actually the big print in the actual agreement, is they don’t get any of that stuff unless they totally transform themselves as a country, and if they do, that’s a huge win for everybody for the region. If they don’t, no skin off our backs,” Vance said.

The vice president emphasized that American taxpayers would not be footing the bill for any reconstruction efforts.

“Not a single cent of American money goes to Iran,” Vance said while discussing the memorandum of understanding that was reportedly signed Sunday but has not yet been made public.

He described the agreement as a “firm commitment” by Tehran to abandon any pursuit of nuclear weapons.

“This is a firm commitment, backed up by verifiable action, to never develop or buy a nuclear weapon by the Iranians — which, remember, that was the whole point of this entire operation,” he said.

Vance explained that any economic benefits would come from regional partners and would only materialize if Iran fulfills its obligations under the agreement.

“There are benefits to Iran if they perform their end of the obligation — not money from the United States, but maybe Qatar or the UAE or Saudi Arabia,” he said.

“Maybe they want to invest in Iran and build a power plant. The United States, our approach to that is going to be, ‘Yeah, you can do that, so long as the Iranians are behaving properly,’ but if they don’t behave properly, they don’t get any of the benefits of this bargain.”

The vice president’s remarks come amid ongoing questions about the contents of the agreement and the conditions under which sanctions relief and reconstruction assistance could eventually be made available to Iran.

Administration officials have maintained that any economic incentives for Tehran are contingent upon verifiable compliance with commitments to end its nuclear weapons ambitions and alter its conduct in the region.