Vice President JD Vance on Monday pushed back against criticism of the Trump administration’s emerging framework for potentially unfrozen Iranian assets, insisting any future release of funds would be subject to strict oversight and directed toward purchases that benefit American farmers and ordinary Iranians.
Speaking to reporters in Bürgenstock, Switzerland, after high-level negotiations wrapped up, Vance said reports suggesting Iran would gain unrestricted access to frozen assets were inaccurate.
According to Vance, the arrangement negotiated alongside Qatari officials would require approval from both the United States and Qatar before any unfrozen Iranian funds could be spent.
“If there is any frozen Iranian assets that are unfrozen, then we have approval over that process, the Qataris have approval over that process,” Vance said. “The money would actually go to buy American soy, American corn and American wheat for the benefit of the Iranian people.”
Vance argued the structure was specifically designed to prevent funds from being diverted to Iran’s government, military operations or terrorist proxies.
“The money would go to feed the Iranian people while supporting American agriculture,” he said, describing the arrangement as a safeguard against misuse.
The vice president also blamed confusion surrounding the proposal on what he characterized as misleading commentary circulating online.
“Fundamentally, what Jared [Kushner] and the Qataris and the entire team here in Bürgenstock accomplished is, to me, a classic Trump deal,” Vance said.
Vance framed the proposal as a two-fold victory, benefiting both American producers and Iranian civilians while maintaining strict controls over how any assets could be used.
“If Iranian assets are ever unfrozen, they’re going to go to make American farmers richer and to feed the Iranian people,” he said.
“That’s a very, very good and very classic Trump deal. That’s great for our people, great for the people of Iran.
🚨 WOW! President Trump, JD Vance and Jared Kushner just got Iran to agree to BUY US FARM PRODUCTS using their unfrozen assets
AND agreeing to nuclear inspectors.
HUGE.
"Some of these unfrozen Iranian funds are actually going to be used to purchase American farm products and… pic.twitter.com/kUijODM7UK
— Eric Daugherty (@EricLDaugh) June 22, 2026
