3 min readNew DelhiJun 15, 2026 10:02 PM ISTA Hezbollah supporter chants slogans while holding an Iranian flag during a gathering against the U.S.-Israeli military operation with Iran and its allies in Dahiyeh, Lebanon. (AP Photo)US Vice President JD Vance on Monday said Iran “could have access” to a $300 billion reconstruction fund after the two nations reached an initial agreement on Monday to extend the fragile ceasefire and end the over three-month-old conflict in the region.Diplomatic logistics and energy securityDetails of the deal have not been released till now, but reports suggest it won’t be implemented till the agreement is signed, which is scheduled for Friday in Geneva, Switzerland, mediator Pakistan said.The agreement is poised to reopen the Strait of Hormuz, but it will still take months for the global energy crisis to ease that was caused by the closure of the crucial waterway.Conditions and Regional ComplianceVance, during an interview with CBS News, said Tehran could get access to a $300 billion reconstruction fund which is supposed to be funded by the Gulf nations, though the Islamic Republic must meet certain obligations to fulfil the conditions in order to access the fund.“That’s the sort of thing they could have access to, funded by the Gulf Coast coalition, so long as they honor their end of the obligation,” Vance told CBS News.The US Vice President added “hardliners in the Iranian system” would overemphasize the benefits which the country gets, while underemphasizing all the things that they have to concede so that Tehran becomes eligible for those benefits.Historical precedents and asset criticismUS President Donald Trump’s critics remain sensitive to Washington granting access to additional money to Tehran as part of the truce.Story continues below this adFormer President Barack Obama’s administration unfroze Iranian assets as part of its deal in 2015, but the administration received widespread criticism after it was alleged that it was helping to fund Iran’s proxies in the region, CNN reported.Allocation plans and sanction reliefIran’s state-linked news agency Mehr reported earlier that US and its allies would pay Tehran for the reconstruction fund. The money, if the Islamic Republic receives, would reportedly be used in restoring the damaged infratsurcture and reviving the country’s economy among others.Mentioning about unfreezing Iranian assets, Vance said, “We’re willing to talk about unfreezing assets. But a much bigger deal is unsanctioning their economy so long as they make the long-term commitments on the nuclear program.”© IE Online Media Services Pvt LtdThe Express Global Desk at indianexpress.com which delivers authoritative, verified, and context-driven coverage of key international developments shaping global politics, policy, and migration trends. The desk focuses on stories with direct relevance for Indian and global audiences, combining breaking news with in-depth explainers and analysis. A major focus area of the desk is US immigration and visa policy, including developments related to student visas, work permits, permanent residency pathways, executive actions, and court rulings. The Global Desk also closely tracks Canada’s immigration, visa, and study policies, covering changes to study permits, post-study work options, permanent residence programmes, and regulatory updates affecting migrants and international students. All reporting from the Global Desk adheres to The Indian Express’ editorial standards, relying on official data, government notifications, court documents, and on-record sources. The desk prioritises clarity, accuracy, and accountability, ensuring readers can navigate complex global systems with confidence. Core Team The Express Global Desk is led by a team of experienced journalists and editors with deep expertise in international affairs and migration policy: Aniruddha Dhar – Senior Assistant Editor with extensive experience in global affairs, international politics, and editorial leadership. Nischai Vats – Deputy Copy Editor specialising in US politics, US visa and immigration policy, and policy-driven international coverage. Mashkoora Khan – Sub-editor focusing on global developments, with a strong emphasis on Canada visa, immigration, and study-related policy coverage. ... Read MoreStay updated with the latest - Click here to follow us on InstagramAdvertisementLoading Recommendations...AdvertisementLive BlogFIFA World Cup 2026, Spain vs Cape Verde Football LIVE Score: ESP 0-0 CPV after 30 mins in Atlanta34 seconds agoUGC NET Admit Card 2026 Live Updates: Admit cards expected this week2 minutes agoUPSC Prelims Result 2026 LIVE Updates: CSE prelims results likely this week3 minutes agoUS-Israel-Iran War News Live Updates: Trump, Iran’s House speaker have signed memorandum, say reports17 minutes agoIndia News Highlights | Breaking News Today, June 15, 2026 | Top Headlines, Latest News — The Indian Express Realtime2 hours ago