Russia

US won’t participate in $300 billion Iran reconstruction fund — TV

TASS English · 2026-06-18

AI SUMMARY

• What happened: The US has announced it will not participate in a $300 billion reconstruction fund for Iran, which will be supported by Gulf countries. • Why it matters: This decision underscores ongoing tensions between the US and Iran, as the US aims to control business activities in Iran through licensing and sanctions. • What to watch next: The implementation of the US-Iran memorandum and the reactions from Gulf countries as they prepare to invest in Iran's reconstruction starting January 1, 2024.

US won’t participate in $300 billion Iran reconstruction fund — TV According to the report, there's going to be a $300 billion fund where Gulf neighbors will invest in rebuilding IranNEW YORK, June 18. /TASS/. Persian Gulf countries will become members of the $300 billion Iran reconstruction fund, but the US will not participate, Fox News reported, citing the text of a two-page US-Iran memorandum. "There's going to be a $300 billion fund where Gulf neighbors - not us - will invest in rebuilding Iran," the TV host said. According to him, the US "will control who does business in Iran" by granting the necessary licenses, exemptions, and permits. Sanctions against Iran will be lifted only after the signing of a final agreement, "which is only going to get tougher." 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Source: TASS English
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