Vice President JD Vance said the deal with Iran had been signed electronically over the weekend, suggesting its terms were now in place and that Iran was not receiving any new financial relief, writes CNN.

"We already signed the deal digitally yesterday, and there`s been no money released. And that won`t change", Vance said on ABC`s "Good Morning America".

While an electronic signing of the deal had been floated before it was agreed to, it had not been clear until now that such an event had transpired.

On Sunday, Trump announced a formal signing would occur in Switzerland on Friday. And he said at least one provision - the reopening of the Strait of Hormuz - wouldn`t take effect until then.

"With the opening of the Strait upon the signing of the Deal on Friday, for purposes of mine removal, oil will flow on both ends again for the Region, and the World!" he wrote in announcing the deal.