US and Iran Agree on $300 Billion Reconstruction Fund, Oil Sales Resume After MOU Signing

The United States and Iran have agreed on a memorandum of understanding that is expected to be formally signed in Switzerland on Friday, with the framework including a proposed $300 billion private investment fund for Iran and a plan for the US to allow Iran to immediately resume oil and fuel sales once the MOU ending the conflict is signed this week.

“The US-Iran memorandum of understanding expected to be formally signed in Switzerland on Friday could allow for the establishment of a $300bn investment fund for Iran, as part of a broader settlement to end the war that triggered a global energy crisis and upended markets worldwide”

Al Jazeera

A Reuters source familiar with the negotiations said the fund would be tentatively named the Reconstruction and Development Fund and that commitments exceeding $150 billion have already been secured from companies in the United States, Gulf states, Asia, South America and Africa.

Al Jazeera

US Vice President JD Vance said the incentives would be connected to Iran’s “performance” in adhering to the deal, and 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.

The Express Tribune reported that the investment vehicle would not contain government money, grants or war reparations and would be separate from discussions on sanctions relief and the release of frozen Iranian assets, while The Hindu reported the US said ships will move toll-free through the Strait of Hormuz under the Iran peace deal.

The Hindu also said the MoU was electronically signed on Sunday (June 14, 2026) by President Donald Trump, US Vice President J.D. Vance and Iranian parliament speaker Mohammad Bagher Ghalibaf, and that the signing would kick off a 60-day period to hammer out a full-scale peace deal.

As the framework drew attention to the scale of the proposed $300bn investment fund, Donald Trump denied that the United States would pay Iran hundreds of billions of dollars, writing on Truth Social: “Iran has agreed to never have a Nuclear Weapon! Also, the story that the U.S. is paying Iran 300 Billion Dollars is Fake News, put out by the Democrats!!!”.

CBS News reported that Vance denied that Iran will receive “billions of dollars of assets,” telling “CBS Mornings” that “When people say that billions of dollars of assets will be released, that's not true,” and he added that “What is true is that Iran will have a much better and much more prosperous future if they meet the obligations they make in this agreement.”

Al-Jazeera Net

Vance also said the $24 billion figure “just doesn't appear anywhere in any of the texts that we’ve talked about with the Iranians,” while Al Jazeera reported that Vance told CBS News the money would not be a US payout in exchange for Iran’s enriched uranium.

The Hill reported Vance said Iran could have access to a $300 billion reconstruction fund “funded by the Gulf Coast Coalition, so long as they honor their end of the obligation,” and it noted that the conditions of the peace agreement have not been released.

NBC News reported Vance told Tom Llamas that nuclear inspectors will be allowed back into Iran, saying “Yes, absolutely,” and adding that the International Atomic Energy Agency and the United States are going to help Iran destroy the highly enriched stockpile.

The core unresolved issue in the framework is Iran’s nuclear programme, with the BBC saying key questions remain about what the deal will say about Iran's nuclear programme, including its uranium enrichment, and that the deal is expected to be judged against the 2015 agreement negotiated by the Obama administration and later abandoned by Trump.

“Trump aims to end Iran war but nuclear issue remains unresolved After weeks of promises from President Donald Trump, a deal to end the US-Iran war is set to be signed on Friday”

BBC

BBC Verify quoted former JCPOA lead negotiator Baroness Ashton saying: “There was plenty of opportunity afterwards to talk about other issues, ballistic missiles, drones etc. And indeed the Trump administration in its first term could have done that,” while the BBC also reported that Trump has repeatedly said Iran needs to surrender its enriched uranium stockpiles.

The BBC said the deal is expected to reopen the Strait of Hormuz in return for the US lifting its blockade on Iranian shipping, and The Hindu said the US insisted Tehran would have to fulfill its commitments before getting any economic benefits.

In parallel, the CBS News account said Vance stressed that “There's nothing about $24 billion,” and it reported that the administration plans to release the full text of the US-Iran agreement this week so “we want the American people to see it.”

NBC News reported that Vance said the start date for nuclear inspections could be hashed out Friday and that “if the Iranians comply, benefits will flow to them,” while The Hindu reported that uncertainty also surrounds Iran's access to its frozen funds and relief from sanctions, with the US official saying “zero dollars of frozen assets have been released”.