Iran deal includes $300 billion fund, more than half of which already committed: Reuters
The private vehicle would finance reconstruction projects and has already drawn more than $150 billion in commitments, Reuters reported.
- On Friday, the United States and Tehran prepare to sign a framework agreement outlining a $300 billion private fund designed to trigger investment into Iran, with more than half the sum already committed by international companies.
- Officials from the United States and Iran agreed on Sunday to end their conflict, which began in February, halting the United States blockade of Iran and reopening the Strait of Hormuz, a key supply route for global oil and gas.
- Companies from the United States, South Korea, Japan, Singapore, and Malaysia have committed financing for the Reconstruction and Development Fund, a private investment vehicle that is not a government program, a source said.
- On Monday, Vice President Vance said Iran could access the fund if it complies with requirements including dismantling its nuclear program, as a 60-day memorandum structures the negotiating process across multiple tracks.
- Tehran originally sought $400 billion in war damages, but the United States refused; the fund remains separate from sanctions discussions, aiming to leverage Iran's potential including a population of 92 million and vast oil and gas reserves.
77 Articles
77 Articles
Source: Iran deal includes $300 billion fund, over half already committed
The private fund designed to trigger investment into Iran is outlined in the U.S.-Iran framework agreement, and is designed to give both sides an economic incentive to conclude a final deal to end the war, the source said
The money for the Iranian economy should probably come from private investors from the Gulf region and the USA. All sanctions against Iran should also be lifted. That is what experts say about the agreement.
Donald Trump destroyed in 2018 the nuclear agreement that the U.S. had entered into with Iran and other powers in 2015. Eight years later, the U.S. returns to Geneva ready to sign a new deal with Tehran with some similar – according to some critics, more generous – to which he himself fell. The comparison is inevitable: when Obama closed that agreement, the transfer to Iran was $1.7 billion in debt and interest. Supposedly, the draft signed on F…
US President Donald Trump calls the framework agreement a great triumph – but how is it perceived in Iran?
Follow the latest news on the Middle East conflict and the peace agreement between Washington and Tehran.
Right to sell oil, $300 bn fund, access to frozen assets: Key financial gains Iran will receive from peace deal
The US and Iran are set to sign a peace deal in Switzerland on Friday to end a conflict that disrupted global energy markets for over three months. While the agreement remains undisclosed, reports indicate it includes major economic incentives for Tehran.
Coverage Details
Bias Distribution
- 46% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
