Vice President JD Vance laid out a framework on June 15 for what could become one of the largest geopolitical investment plays in recent memory: Gulf Cooperation Council nations funding the reconstruction of Iran, to the tune of $300 billion.
The catch is that Iran must first halt its nuclear program and submit to inspections.
The deal behind the statement
Vance’s comments, made during a CBS Mornings interview, came just one day after the US and Iran digitally signed an agreement on June 14. That agreement extends a ceasefire for 60 days and opens the door for broader nuclear negotiations.
The vice president used the airtime to push back against what he called misinformation about the deal. Specifically, he wanted to make one thing very clear: no American money is going to Iran.
