Washington DC, June 12 -- US Vice President JD Vance on Friday dismissed reports suggesting that Iran would receive financial incentives merely for signing the peace deal between Washington and Tehran aimed at ending the hostilities in West Asia, calling such claims "fake information".

In a post on X, Vance said that no cash payments or release of funds were tied to the signing of a deal aimed at reopening the Strait and addressing concerns surrounding Iran's nuclear programme.

He asserted that the proposed arrangement had been designed to prioritise the security interests of the United States and its allies, while also offering the possibility of broader regional economic benefits if Iran complied with its commitments.

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