WASHINGTON, D.C. — Vice President JD Vance denied reports that the agreement includes provisions to release billions of dollars in assets to Iran. The administration has not yet published the text.

"When people say that billions of dollars of assets will be released, that's not true," Vance said in an interview. He clarified that financial benefits depend on compliance with nuclear obligations.

The Iranian Revolutionary Guard issued a statement asserting the agreement would provide $24 billion in frozen funds during a 60-day negotiation period, with half required before negotiations begin. Vance described the agreement as a means to prevent Iran from obtaining nuclear weapons and facilitate reopening the Strait of Hormuz.

Vance stated the agreement was executed via digital signature ahead of an in-person ceremony Friday in Switzerland. "We'll be releasing the text this week, and what everybody will see is that Iran doesn't get a dime of money unless they perform their obligations. The money that we're talking about is fundamentally sanctions relief. We're not giving them American money," he said. He confirmed the United States would be present to ensure the destruction of Iran's enriched stockpile.

He confirmed Iran could access a $300 billion reconstruction fund financed by Gulf Cooperation Council members if it terminates its nuclear weapons program. He stated that U.S. taxpayer funds would not contribute to the initiative.

President Donald Trump stated cargo vessels carrying oil have begun departing from the Strait of Hormuz and that maritime transit will permanently remain free of tolls. Iranian Foreign Ministry spokesperson Esmail Baghaei confirmed Iran will not impose transit tolls but indicated separate fees for services could be assessed.

Senator Lindsey Graham publicly criticized the proposed reconstruction fund, stating the financial arrangement would be comparable to post-war German reconstruction efforts under hostile leadership. "The idea of a $300 billion reconstruction fund, given who is in charge of Iran, seems to be tone deaf. It would be akin to a Marshall Plan for Germany with the Nazis still in charge," Graham said.