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16 Jun 2026, 18:53

Exclusive Reuters: An informed source says the Iran agreement includes a $300 billion fund, more than half of which has already been committed.

Dubai, June 16, Reuters — A source directly familiar with the details of the agreement told Reuters that in the framework agreement between the U.S. and Iran, a private $300 billion fund is envisioned to stimulate investment in Iran, with more than half of this amount already committed.

The source, who spoke on the condition of anonymity due to the unofficial nature of the plan while Washington and Tehran are preparing to sign on Friday, said the goal of this fund is to create economic incentives for both sides to reach a final agreement.

U.S. and Iranian officials said on Sunday that they have reached a framework agreement to end their conflict; a conflict that began on February 28 when U.S. and Israeli forces attacked Iran. This framework also includes stopping the U.S. blockade of Iran and reopening the Strait of Hormuz, a key route for global oil and gas supply.

The source said the new fund is a private investment tool, not a program for reconstruction or compensation, and there will be no government money or grants involved. He added that companies based in the U.S., Gulf Arab countries, Asia, South America, and Africa have agreed to finance it.

According to this source, the committed investments cover areas including energy, logistics, industrial production, and transportation.

A senior Iranian source told Reuters that Tehran initially demanded $400 billion in compensation for war damages from the U.S., but Washington stated it would not pay such an amount.

Subsequently, the idea of this fund, which is to be called the "Reconstruction and Development Fund," was proposed.

The Iranian source said the anticipated mechanism includes participation from regional countries in various ways. These methods include guaranteeing loans, establishing credit lines, or directly financing the reconstruction of war-damaged sites, including facilities like the Mobarakeh Steel Complex, refineries, airports, and more broadly, infrastructure damaged by the conflict.

Iran, as one of the largest economies in the Middle East, has attracted almost no significant foreign direct investment over the past four decades and has been sidelined from global capital markets due to successive waves of U.S. sanctions and international sanctions.

The country holds the second-largest proven natural gas reserves in the world and the fourth-largest proven oil reserves.

Iran also has a young and educated population of over 92 million, a diverse industrial base, and significant untapped potential in sectors ranging from petrochemicals and mining to tourism and agriculture.

This source stated that the investment fund is entirely separate from the parallel negotiations regarding the lifting of U.S. sanctions and the release of Iranian sovereign assets that are blocked abroad. He described these as distinct financial mechanisms with different goals and timelines.

The fund will not be established or operational until a final and satisfactory agreement is reached. The memorandum is expected to structure the process over the next 60 days after signing.

This source said, "The fund will only be created once the final agreement is signed. During these 60 days, fund managers will work with Iranians and investors to plan projects and define their scope."

The Iranian Foreign Ministry and the Pakistani Foreign Ministry, which helped mediate the agreement regarding the investment fund, did not immediately respond to requests for comment.

A White House spokesperson referred to an interview on Monday with J.D. Vance, the Vice President, on CBS, in which he stated that Iran could access a $300 billion reconstruction fund backed by Gulf countries if it adheres to the agreement with Washington, including dismantling its nuclear program, eliminating enriched material stockpiles, and accepting a stringent inspection regime and compliance commitments.

The source did not specify how or by whom the fund would be managed and noted that key details still need to be finalized.

This source mentioned companies from South Korea, Japan, Singapore, Malaysia, and the U.S. as having made commitments but refrained from providing a complete list.

The 60-day memorandum is a framework, not a final agreement, and U.S. and Iranian negotiators are expected to work on multiple pathways during this period that encompass nuclear issues, sanctions, and regional security.
reuters

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