Reuters reported new details on a proposed $300 billion investment fund for Iran that Washington is calling a “reconstruction fund” to soften the political embarrassment. The fund is to be built entirely from private commercial capital, with no government financing or state grants involved.
According to the report, private companies from the United States, Arab Gulf states, Asia, South America and Africa have already pledged more than $150 billion, more than half of the total. The money would go into projects inside Iran focused on energy, logistics, transport and industrial manufacturing.
The initiative followed Washington’s flat rejection of Iran’s formal demand for $400 billion in state war reparations. After that refusal, the sides developed a private mechanism that could also include regional states through credit lines, loan guarantees or direct funding for rebuilding damaged infrastructure, such as airports, refineries and the Mubarka steel complex.
The fund is described as a separate financial entity from the parallel diplomatic track dealing with sanctions relief and the release of frozen Iranian state assets. U.S. Vice President J.D. Vance said access to the fund, which has Gulf state backing, would depend on Iran meeting all terms of the deal with Washington, including full dismantling of its nuclear program, removal of enriched uranium and acceptance of strict monitoring. A final agreement is still required, and the current memorandum is meant to define working relations over the next two months. “It will be created only after the final deal is signed,” one informed source said, adding that “during these 60 days, the fund managers will work with Iranians and investors to plan and determine the scope of the projects.”
