What do we know about $300bn fund to Iran under the MoU with US?

At the heart of the deal to end the Middle East war lies a $300 billion fund to rebuild and develop Iran – but so far it is unclear who will foot the bill. Here’s what we know about the fund and its potential backers. What’s in the text? The memorandum of understanding (Mo U) says Washington “undertakes with regional partners to develop a definitive mutually agreed plan with at least $300 billion for the reconstruction and economic development” of Iran. “The mechanism for the implementation of this plan will be finalised as part of a final deal within 60 days. All required licenses, waivers, and permissions needed for the relevant financial transactions will be granted by the United States of America,” it added. The text does not say who will contribute to the fund, which is only one of many economic incentives the Americans have dangled in front of Iran to encourage them to sign a definitive deal. The text also states the end of “all types of sanctions” on Iran upon the signing of a final deal, with Washington immediately issuing waivers allowing Tehran to sell oil. “I think the idea of mentioning this fund in the MoU is to show Iran all the carrots that are available if they abide by the MoU and show goodwill in negotiations moving forward,” said Anna Jacobs, a non-resident fellow at the Arab Gulf States Institute. US Vice President JD Vance said Iran would only get the rewards if it proves it has complied with the terms that will be hammered out in the 60-day period, which he said began on Thursday. Not a ‘dime’ from US taxpayers US hawks have lambasted the Trump administration for giving too many concessions to Iran, and have described the fund as a boon that will embolden its theocratic government. Influential senator Lindsey Graham compared the move, should the funds come from the West, to granting a Marshall Plan to Germany “with the Nazis still in charge” — in reference to the American aid package that helped rebuild Europe after World War II. Vance said Iran