Vice President JD Vance said Monday that the United States and Iran have “already signed” a peace agreement aimed at ending their three-and-a-half-month war.

Speaking to ABC, Vance said the agreement was completed “digitally” ahead of a formal signing ceremony scheduled for Friday in Switzerland. It remained unclear whether Vance was referring to a finalized deal or a preliminary memorandum of understanding outlining the framework.

The reported existence of a signed document has raised several questions, including why the full text has not yet been released, whether the agreement immediately led to the reopening of the Strait of Hormuz and the lifting of the U.S. blockade on Iranian ports, and whether a 60-day period for technical negotiations began Sunday or will only start after Friday’s ceremony.

President Trump, who previously said the Strait of Hormuz would reopen Friday, is expected to address plans for clearing the waterway of potential hazards when he meets with G7 leaders in France this week.

“Ships are starting to move, many loaded up with Oil, out of the Strait of Hormuz,” the president wrote on Truth Social Monday morning.

Vance appeared on several morning news programs to urge caution over reports from Iran describing the agreement and to respond to criticism from some Republicans over reports that Iran could receive reconstruction funding.

The vice president confirmed that Iran could gain access to a $300 billion reconstruction fund if it fulfills its commitments to end its nuclear program, but stressed that the money would not come from the United States.

“That’s the sort of thing they could have access to, funded by the [Gulf Cooperation Council], so long as they honor their end of the obligation,” Vance told “CBS Mornings” when asked about the fund. “We absolutely are open to the [GCC] countries investing in the reconstruction of Iran only if Iran ends their nuclear program.”

Vance also said that “not a single dollar of American money will go to Iran” and emphasized that any economic relief would only come after Tehran meets specific conditions tied to ending uranium enrichment.

Sen. Lindsey Graham (R-SC), a close Trump ally, has strongly criticized the idea of a reconstruction fund, arguing that providing money without political changes in Iran would be ineffective.

“The idea of a $300 billion reconstruction fund, given who is in charge of Iran, seems to be tone deaf. It would be akin to a Marshall Plan for Germany with the Nazis still in charge,” he wrote on social media.

Vance pushed back against the criticism, warning lawmakers not to rely on what he called Iranian hard-line messaging instead of the actual agreement.

“I caution Lindsey Graham and anybody else not to believe the hard-liner propaganda in Iran, but to believe what’s actually in the agreement,” Vance responded. “We’ll be releasing the text this week, and what everybody will see is that Iran doesn’t get a dime of money unless they perform their obligations. The money that we’re talking about is fundamentally sanctions relief. We’re not giving them American money.”

Major details of the agreement remain unresolved, particularly regarding the Strait of Hormuz and whether ships traveling through the strategic waterway will face fees.

Trump has said the passage will remain “permenantly” fee-free, but Iranian Foreign Ministry spokesman Esmail Baghaei said Monday that while Iran would not impose tolls on ships, Tehran could still charge fees “in exchange for the services that are provided.”

During an interview with CNBC, Vance acknowledged that important issues still need to be settled.

“Our expectation is that the strait is going to be opened in a toll-free way for the long term,” he said. “And that’s the sort of thing that we’re going to figure out in these technical negotiations.”