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Iran deal includes $300 billion fund, more than half of which already committed: Reuters

More than $150 billion has already been pledged, and the private vehicle would finance energy, logistics and transport projects only after a final deal.

  • On Wednesday, President Donald Trump denied reports of a $300 billion reconstruction fund for Iran, dismissing leaked documents as 'fake news' and stating the United States is 'not investing any money' in the country.
  • The White House and Tehran signed a peace deal on Sunday, reportedly proposing reopening the Strait of Hormuz and commitment against nuclear weapons, with leaked documents suggesting $300 billion in reconstruction funds.
  • Vice President JD Vance initially confirmed the reconstruction fund before telling Fox News Sean Hannity that Iran would not receive a 'single dime of American money,' suggesting Gulf State neighbors could provide aid instead.
  • At the G7 summit in France on Wednesday, Trump threatened to 'drop bombs on their head' if Iran fails to abide by the memorandum's guidelines while touting the agreement's merits.
  • Trump compared his approach to former President Barack Obama's $1.7 billion JCPOA, arguing he has crippled Iran's economy, though exact specifications of the new memorandum remain undisclosed and subject to final approval.
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Drafts were released by the media before signing: they provide for the elimination of sanctions and a $300 billion fund for Iran, among other things

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  • 46% of the sources lean Right
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The Legitimate broke the news on Tuesday, June 16, 2026.
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