Iran to not receive any cash, funds for "simply signing a deal": US VP Vance slams reports
Washington DC, June 12
US Vice President JD Vance on Friday dismissed reports suggesting that Iran would receive financial incentives merely for signing the peace deal between Washington and Tehran aimed at ending the hostilities in West Asia, calling such claims "fake information".
In a post on X, Vance said that no cash payments or release of funds were tied to the signing of a deal aimed at reopening the Strait and addressing concerns surrounding Iran's nuclear programme.
He asserted that the proposed arrangement had been designed to prioritise the security interests of the United States and its allies, while also offering the possibility of broader regional economic benefits if Iran complied with its commitments.
"I'm seeing a lot of fake information about a potential deal to reopen the Strait and end Iran's nuclear weapons program. First, the Iranians are not receiving any cash, and no funds are being released for simply signing a deal or attending a meeting," the post read.
"The deal is structured to ensure that the US and its allies concerns are prioritized, and that if the Islamic Republic of Iran meets its obligations, then economic benefits will flow to them and to the entire region. This deal has the potential to remake the region and lead to lasting peace," it added.
This comes after Iran's Mehr News Agency reported, citing an unnamed source close to Iran's negotiating team, that the draft agreement under discussion with the US could lead to the release of USD 24 billion in frozen Iranian assets within 60 days, further claiming that half of the funds would be made available to Tehran ahead of the final phase of negotiations.
The US Vice President also criticised sections of the media and commentators for drawing conclusions based on unverified reports regarding the negotiations.
"I've noticed a couple of bizarre things in the reporting over the last few hours. First, people who (rightly) said Donald Trump was a historic president a month ago now criticizing a deal based on unconfirmed media reports. Second, people who say you can't trust a word said by the IRGC who apparently believe anonymously sourced social media posts," his post added.
Expressing confidence in the US administration's approach, the Vice President said US President Donald Trump would secure a favourable outcome.
"The president is going to get us a good outcome, one way or the other," he concluded.
Vance's remarks come after CNN, citing multiple diplomatic sources, earlier reported that the memorandum between the US and Iran is expected to be signed in Geneva, Switzerland, with the proposed agreement reportedly envisaging a 60-day ceasefire "on all fronts", including Lebanon, beginning immediately upon signing; the reopening of the Strait of Hormuz without Iran imposing any transit charges; and ensuring the uninterrupted movement of energy supplies and commercial shipments and maritime traffic through the strategic waterway would gradually return to pre-conflict levels within 30 days of the agreement's signing.
CNN also reported that the proposed arrangement includes lifting the US blockade of Iranian ports and providing limited sanctions relief, with the diplomatic source stating that such relief would be granted "based on the progression of the deal and continued engagement in good faith", although no specific timeline has been outlined.
However, Iran's Foreign Ministry spokesperson Esmail Baghaei dismissed the reports suggesting that a deal with the United States to end the conflict in West Asia has been finalised, stating that no final agreement has been reached so far, as reported by Iranian State Media Press TV.
Trump, in a post on Truth Social, also rejected those reports, accusing the Islamic Republic of not acting in "good faith" while dealing with the US.
Trump claimed that Iran had misrepresented the contents of the proposed deal and criticised the country's leadership for what he described as dishonourable conduct.
"The terms that Iran leaked out to the Fake News have NOTHING to do with the terms that were agreed to, in writing. What they said, including their weak and pathetic statement on having a deal, bears no relation to the truth. Very dishonorable people to deal with. With them, there is no such thing as dealing in good faith," the post read.
— ANI
Reader Comments
Honestly, I'm skeptical. Iran has been manipulating negotiations for years. Vance says no cash but what about the "economic benefits" later? That's just backdoor money. And Trump calling Iran dishonourable - pot calling kettle black? 😅 We need stability in West Asia but not at any cost.
As someone who works in shipping, the Strait of Hormuz reopening is huge for global trade. India imports over 80% of its oil through that route. But I worry about the 60-day ceasefire being too short. Iran could just regroup and restart. Trust but verify, I guess.
The fake news battle is real here. Iran leaks one version, US denies another. Trump says they agreed in writing then Iran misrepresented. Classic diplomatic chaos. From India's perspective, we just want stable oil prices and no war next door. Whatever deal works, but keep us informed please.
I find it amusing that Vance is lecturing media about "fake information" when Trump himself spread so many false claims. That said, if this deal genuinely brings peace to West Asia without rewarding Iran's bad behaviour, it's welcome. But the track record of such deals is poor. Let's see actual implementation first.
Imagine being a country dependent on this region for oil and watching these superpowers play games. India needs to diversify energy sources fast. Iran-US deal or not, we shouldn't be held hostage to their politics. Also, $24 billion in frozen assets? That's enough to destabilise the whole region if misused.
We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.