Vance Defends Trump’s $300 Billion Iran MOU as 16 Million Barrels Resume Through Hormuz
Updated
Updated · Fox News · Jun 20
Vance Defends Trump’s $300 Billion Iran MOU as 16 Million Barrels Resume Through Hormuz
3 articles · Updated · Fox News · Jun 20
Summary
JD Vance said Trump’s Iran memorandum would not hand Tehran automatic rewards, arguing sanctions relief and regional aid would come only after sustained compliance and abandonment of nuclear advances.
A $300 billion reconstruction and development fund has become the main flashpoint, with Senate Armed Services Chairman Roger Wicker warning it could let Iran rebuild its military and nuclear programs while Israel pauses action against Hezbollah.
Vance countered that the U.S. still holds leverage through economic pressure, said Iran has committed to destroy enriched material, and pledged inspections and verification to prevent any nuclear rebuild.
16 million barrels of oil moved through the reopened Strait of Hormuz on Friday, which Vance cited as early evidence the deal is stabilizing shipping and reducing immediate regional risk.
Talks with Iranian, Qatari and Pakistani representatives could begin within days in Switzerland, testing whether the 60-day Iran-Israel ceasefire can hold long enough for a broader peace accord.