US, allies to make plan for $300 bn Iran reconstruction fund
Summary
The United States and its allies plan to create a $300 billion fund to help rebuild Iran. Under the agreement, Iran could start selling oil again once the deal is signed, and all sanctions would be lifted if the final deal is completed after a 60-day negotiation.Key Facts
- A $300 billion reconstruction fund for Iran is being planned by the US and its allies.
- US officials released the agreement text but said the US is not obligated to provide money.
- Iran can resume oil sales as soon as the deal is signed.
- All sanctions on Iran will be removed if a final agreement is reached after 60 days of talks.
- The deal is expected to be signed this week.
- The discussions and agreement involve international partners alongside the US.
- The news is related to ongoing developments in the Middle East region.
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