Vance: Iran Could Access $300 Billion Reconstruction Fund Under Peace Agreement

The reconstruction would be funded by Middle Eastern nations, not the United States.
Vance: Iran Could Access $300 Billion Reconstruction Fund Under Peace Agreement
Vice President JD Vance arrives to speak at the U.S. Air Force Academy Graduation Ceremony in Colorado Springs, Colo., on May 28, 2026. Matt Rourke-Pool/Getty Images
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Details about the deal signed between the United States and Iran remained under wraps June 15, but U.S. Vice President JD Vance clarified Iran could have access to $300 billion in reconstruction funds if its leaders honor the agreement.

The two countries signed a preliminary memorandum of understanding (MOU) agreement June 14 to end military operations and reopen the Strait of Hormuz, while setting 60 days for negotiations to finalize the terms of removing the Iranian regime’s highly enriched uranium reserves and ending its atomic program, which remains a topic of tension.
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Jill McLaughlin
Jill McLaughlin
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Jill McLaughlin is an award-winning journalist covering politics, environment, and statewide issues. She has been a reporter and editor for newspapers in Oregon, Nevada, and New Mexico. Jill was born in Yosemite National Park and enjoys the majestic outdoors, traveling, golfing, and hiking.