Iran Reportedly Receives USD300 Billion Investment in Peace Deal with the US
JAKARTA - A private fund of USD300 billion designed to trigger investment into Iran is outlined in the framework agreement of the US-Iran peace deal. More than half of the amount of the fund has been disbursed.
This was conveyed by a source who was directly aware of the agreement to Reuters, Wednesday, June 17.
The source spoke on condition of anonymity because the plan has not been announced as Washington and Tehran are only scheduled to sign an agreement on Friday this week.
The source said the fund was designed to provide economic incentives to the US-Iran to reach a final agreement to end the war.
The existence of the fund has been reported previously, but Reuters revealed for the first time that more than half of the amount had been disbursed and that the fund would be entirely made up of private sector funds.
US and Iranian officials said on Sunday, June 14, that they had agreed on a framework to end their war, which began when US and Israeli forces attacked Iran on February 28, resulting in a US blockade of Iran, and an attempt to reopen a key supply route for global oil and gas, the Strait of Hormuz.
The source added that this new fund is a private investment vehicle, not a reconstruction or reparations program, and will not include government money or grants.
According to him, companies based in the US, the Arab Gulf countries, Asia, South America, and Africa have agreed to commit to providing funding.
The promised investments include energy, logistics, manufacturing, and transportation.
Separately, a senior Iranian source told Reuters that Iran initially asked for $400 billion in compensation for war damage from the US, but the US rejected it.
Then the idea for the fund, which will be named the Reconstruction and Development Fund (Reconstruction and Development Fund), emerged.
The Iranian source added that in this mechanism for private investment funds to Iran, regional countries will contribute in various ways.
This includes loan guarantees, the establishment of credit lines, or direct financing for the reconstruction of locations damaged by war, including facilities such as the Mobarakeh steel complex, oil refineries, airports, and more broadly, infrastructure affected by the conflict.