Trump terms $300 billion fund to rebuild Iran as ‘fake news’
“The story that the US paid $300 million to Iran is Fake News put out by the Dumocrats,” Trump wrote in a post on Truth Social.
Also read: US at odds with allies over how easy it is to reopen Hormuz
Dismissal came later Finance Times It has been reported that the Trump administration is considering creating a $300 billion fund aimed at facilitating investment by companies looking to enter Iran, rather than providing money directly to the Iranian government.
A massive $300 billion fund to rebuild Iran?
according to F.T. The proposed funding would be conditional on Iran reaching a final agreement with Washington to end the conflict, including a nuclear deal, according to the report. A senior US official told the newspaper that the administration was discussing the possibility of sanctions relief and “a massive $300 billion fund to rebuild the country.”
The official said the incentives would be linked to Iran’s “performance” in complying with the memorandum of understanding (MoU), which is expected to be officially signed in Switzerland on Friday.
Citing a person with knowledge of the talks, the Financial Times reported that the establishment of the fund will follow the 60-day extension of the ceasefire, the reopening of the Strait of Hormuz and further negotiations on the nuclear agreement. The person added that the money will not come from governments but will instead be created for companies looking to invest in Iran.
“There is interest from many businesses in Europe, Asia, South Korea, Japan, etc., as well as American companies and businesses,” the person said. Financial Times. “If sanctions were lifted, this fund would be significant and very large.”
Also read: ‘Iran agrees to never have nuclear weapons,’ Trump says after signing MoU with Tehran
Gradual easing of sanctions
US Vice President J.D. Vance also suggested that access to reconstruction funding would depend on Tehran’s compliance with any final agreement. A $300 billion fund “would be something like this” [Iran] could have access. . . “As long as they honor their commitment to the fullest,” he told CBS News, according to the Financial Times.
The newspaper said any sanctions relief, which includes freezing Iran’s assets held abroad, would be implemented gradually and would depend on progress in nuclear negotiations and the final agreement. But senior Trump administration officials said the United States could offer “small gestures” of financial aid “initially” as a confidence-building measure.
A senior official also emphasized that “zero” dollars have flowed into Iran since Trump, Vance and Iranian parliament speaker Mohammed Bagher Ghalibaf signed the document remotely. Another official said sanctions relief “does not depend on any behavior in particular” but instead depends on Iran “acting appropriately,” adding that “what we care about most is the nuclear program.”
