Trump admin live updates: Vance claims unfrozen Iranian assets will go towards purchasing US goods
nypost.com
Get the latest news from the Trump administration Monday as Vice President JD Vance discussed the peace negotiations with Iran.
He said Iran has agreed to allow United Nations inspectors access to its nuclear sites following two days of talks in Switzerland. The vice president also claimed any unfrozen Iranian assets would be used to purchase “American soy, American corn, and American wheat for the benefit of the Iranian people.”
Meanwhile, President Trump does not have any public events scheduled Monday.
Follow The Post’s live updates on national politics for the latest news:
Vance claims unfrozen Iranian assets will go towards purchasing US goods
Vice President JD Vance spoke with reporters in Lucerne about the two-days of negotiations with Iran.
Vance said, "The final deal is the house. We set the foundation, we haven't built the house, but we've laid a successful foundation to get to a good place for the American people."
He claimed any unfrozen Iranian asset will go towards purchasing “American soy, American corn, and American wheat for the benefit of the Iranian people.”
He also said Iran agreed to allow United Nations inspectors access to its nuclear sites.
Vice President JD Vance speaks to reporters in Lake Lucerne on June 22, 2026. REUTERS
The US government on Monday formally waived oil sanctions on Iran for a period of two months — as nuclear talks continued with Iranian officials in Switzerland.
The Treasury Department notice says the waiver lasts through Aug. 21.
Although the sanctions waiver could in theory net Iran $60 billion annually, Vice President JD Vance defended the looming action last week, saying that the sanctions were difficult to enforce before the war and did not impede Iran's exports, which largely go to China.
