Iran-US Deal Could Unlock $300 Billion Investment Fund, Report Claims

According to the International Desk of Webangah News Agency, The New York Times has reported that it has obtained details of a potential agreement between the United States and Iran.

The newspaper stated that a particularly interesting and perhaps surprising new element introduced in the negotiations pertains to an investment fund for Iran. One Iranian official and a diplomat put the fund’s value at $300 billion, though other officials involved in mediating the agreement have not confirmed this figure.

This proposed plan has been described by an Iranian official as a reconstruction program that would be pledged to Iran upon the signing of a final deal. Previously, Tehran had sought reparations for bombing damages, with some Iranian officials estimating these losses between $300 billion and $1 trillion. Two diplomats familiar with the latest draft have characterized the plan as an international investment fund that the U.S. would help facilitate the formation of, should a final agreement be reached. Details of this fund are reportedly to be discussed further as negotiations continue.

The New York Times added that this proposal appears to echo a previous idea put forth by Steve Wirtzman, Trump’s envoy for the region, and his son-in-law, Jared Kushner. Iranian officials indicated that they have proposed to American negotiators that U.S. companies, including major oil and energy firms, could enter Iran for investment and joint venture agreements.