The US will allow Iran to immediately resume oil. fuel sales once a deal ending the conflict is signed this week
A proposed $300 billion private investment fund is part of the US-Iran framework agreement. with more than half the amount already committed, a source familiar with the negotiations toldReuters.
The fund, tentatively named the Reconstruction. Development Fund, is designed to encourage investment in Iran and provide both sides with an economic incentive to reach a final agreement.
According to the source, commitments exceeding $150 billion have already been secured from companies in the United States, Gulf states, Asia, South America. Africa. The fund would support projects in energy, logistics, manufacturing and transportation.
The investment vehicle would not contain government money, grants or war reparations. It is also separate from discussions on sanctions relief and the release of frozen Iranian assets.
A senior Iranian source said Tehran had initially sought $400 billion in compensation forwar-related damages,. the idea evolved into a private investment fund instead.
The fund will only be established after a final US-Iran agreement is signed. The planned 60-day memorandum would provide the framework for identifying and developing investment projects.
Iran, home to the world's second-largest proven natural gas reserves. fourth-largest oil reserves, has received little foreign investment over the past four decades due to sanctions and isolation from global financial markets.
US Vice President JD Vance said Iran could gain access to a $300 billion reconstruction fund backed by Gulf states if it complies with a final agreement, including dismantling its nuclear programme. accepting strict inspections.
Negotiators are expected to use the 60-day framework period to work on nuclear, sanctions. regional security issues before reaching a comprehensive agreement.
US to allow immediate Iranian oil sales after deal signing
The United States will also allow Iran to immediately resume oil. fuel sales once a memorandum of understanding (MOU) ending theconflict is signed this week, according to a senior US official.
The sanctions waivers will cover oil exports as well as related banking, transportation and insurance services. However, access to these benefits will depend on Iran complying with the agreement, including commitments not to pursue nuclear weapons, neutralise enriched nuclear material,. refrain from disrupting shipping through the Strait of Hormuz.
The Trump administration reimposed sanctions on Iran in 2018 over its nuclear programme. support for armed groups in the region. Iran maintains its nuclear activities are for peaceful purposes.
Sanctions expert Brett Erickson described the move as a “multibillion-dollar concession”. noting Iran could quickly bring more than 100 million barrels of stored oil to market, including over 60 million barrels currently outside the US blockade
A lot of uproar has been taking place this morning as it relates to the reporting that the United States will be providing Iran with SIGNIFICANT oil sanctions relief once the Memorandum of Understanding is signed.Speaking to Reuters moments ago. I put into context WHY these…
A senior Iranian official toldReutersthe draft agreement includes temporary relief from oil sanctions, with a timetable for lifting all US. UN sanctions following a final accord.
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