US Officials Outline Potential $300 Billion Iran Reconstruction Fund
US officials announced Wednesday details of a potential deal that could grant Iran access to a $300 billion reconstruction fund. Washington emphasized it is not committed to contributing to this fund. Under the proposed agreement, Tehran would be permitted to resume oil sales as soon as the deal is signed this week. All sanctions would be lifted if a final agreement is successfully reached following a 60-day negotiation period.
Iran could gain access to a $300 billion reconstruction fund as part of a potential deal with the United States, US officials stated on Wednesday. The officials released the text of the proposed agreement, clarifying that Washington is under no obligation to contribute to the fund.
The preliminary agreement also outlines provisions for Tehran to resume oil sales. This would be permitted as soon as the broader deal is formally signed, which is anticipated to occur this week.
Further lifting of sanctions is contingent on the successful conclusion of a final deal. This final agreement would follow a 60-day negotiation period, after which all existing sanctions would be removed if terms are met.
According to France 24, these details were reported by US officials.
