Vance says details of US-Iran agreement still to be worked out amid scepticism from Republicans
US Vice President JD Vance stated that details of a US-Iran agreement, set for a ceremonial signing on Friday in Geneva, are still being worked out. The memorandum of understanding aims to reopen the Strait of Hormuz and lift the US naval blockade, with financial incentives for Iran tied to meeting benchmarks. Many Senate Republicans expressed skepticism, citing unanswered questions and a lack of information, including concerns about compliance verification and the inclusion of a potential $300 billion reconstruction fund for Iran, reportedly to be funded by Gulf states. Vance indicated the full text would be released this week, emphasizing that Iran would receive no money without fulfilling its obligations.