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.
