Vice President JD Vance on Monday said Iran could eventually gain access to a $300 billion reconstruction package under a deal brokered by President Donald Trump, while insisting that no American taxpayer money would be used and that Tehran would first have to meet strict nuclear-related conditions.

Speaking on ABC's "Good Morning America," Vance pushed back on criticism of the agreement and rejected suggestions that the Trump administration was simply handing cash to the Iranian regime.

"Not one dollar is being transferred to Iran for signing this agreement," Vance said.

He said any sanctions relief or economic benefits would depend on Iran verifiably dismantling its highly enriched uranium stockpile and accepting international monitoring of its nuclear activities.

The vice president said Iran could eventually gain access to a package worth roughly $300 billion if it permanently abandons its pursuit of nuclear weapons.

"The $300 billion reconstruction package is not American money," Vance said.

Vance said the proposed funding would come from Gulf Arab nations that have a strong interest in preventing future wars and instability in the Middle East.

"We've offered them a path toward economic growth and integration with the world economy if they're willing to give up their nuclear weapons program," Vance said.

Vance argued that the administration is trying to give Tehran a choice between continued economic isolation and rejoining the global economy under strict safeguards designed to prevent Iran from obtaining a nuclear weapon.

The comments came as Trump said Monday that a memorandum of understanding between the U.S. and Iran has already been signed electronically and that a formal signing ceremony is expected Friday in Geneva.

Speaking to reporters before the G7 summit in France, Trump said the agreement is "all signed" and confirmed that Vance is expected to attend the ceremony, although the president said he was uncertain whether he would attend personally.

Trump also said the full text of the agreement will likely be released after Friday's signing ceremony.

The proposed agreement is intended to formally end hostilities between the U.S. and Iran and help ensure the continued free flow of commerce through the Strait of Hormuz, the strategic waterway through which a fifth of globally traded oil passes.

Vance said sanctions relief would be tied to verified Iranian compliance rather than promises from Tehran and stressed that any economic benefits would be contingent on Iran fulfilling its obligations under the agreement.

The prospect of a multibillion-dollar package has already drawn criticism from some Republicans.

Sen. Lindsey Graham, R-S.C., has argued that providing large-scale assistance to Iran would be a mistake while the current regime remains in power.

Vance defended the proposal, saying the administration's objective is not to reward Tehran but to permanently eliminate the threat posed by Iran's nuclear program while creating incentives for long-term regional stability.

Trump said Monday that the text of the agreement would likely become public after Friday's formal signing ceremony in Geneva, giving lawmakers and the public their first opportunity to review the deal's specific terms.

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