Trump seeks 'grand bargain' with Tehran, Vance says

US Vice President JD Vance has said that President Donald Trump is pursuing a sweeping agreement with Iran rather than a narrower deal.

Speaking at an event in the US state of Georgia on Tuesday, Vance described ongoing negotiations as part of a broader strategy tied to a fragile ceasefire that has been in place for nearly a week.

"What's interesting about this is that we have this ceasefire that's in place. I think it's six or seven days old right now. The ceasefire is holding," he said.

Vance said Trump does not want to make "a small deal."

"He wants to make the grand bargain. And what he's basically offering to Iran is very simple...He said that 'if you're willing to act like a normal country, we are willing to treat you economically like a normal country.' He doesn't want a small deal," he added.

Vance noted that a final agreement has not yet been reached.

"The reason why the deal is not yet done is because the president, he really wants a deal where Iran doesn't have a nuclear weapon," he said.

Vance added that negotiations would continue, expressing optimism about the potential global impact of a successful agreement.

"We're going to keep on negotiating and try to make it happen, because it would be great for the world. It'd be great for our country, it'd be great for everybody. So I'm going to keep on fighting to make it happen," he said.