Reuters, citing a person directly familiar with the deal, reports the proposed $300bln private Reconstruction and Development Fund tied to the US-Iran framework has secured commitments for more than half its capital. The fund would be entirely private with no government funds or grants; firms from the US, Gulf Arab states, Asia, South America and Africa have pledged financing, targeting energy, logistics, manufacturing and transport. A source said the vehicle is an investment instrument, not a r

Reuters, citing a person directly familiar with the deal, reports the proposed $300bln private Reconstruction and Development Fund tied to the US-Iran framework has secured commitments for more than half its capital. The fund would be entirely private with no government funds or grants; firms from the US, Gulf Arab states, Asia, South America and Africa have pledged financing, targeting energy, logistics, manufacturing and transport. A source said the vehicle is an investment instrument, not a reconstruction or war-reparations program; another Iranian source said Tehran initially sought $400bln in war damages, which Washington rejected. Vance had earlier said Iran could access a $300bln Gulf-backed reconstruction fund if it complied; Trump said “We will not invest, not one cent,” and denied pressing Gulf states to invest.