US says Iran ‘could have access’ to $300 billion reconstruction fund. What it means | World News
US Vice President JD Vance on Monday said Iran “could have access” to a $300 billion reconstruction fund after the two nations reached an initial agreement on Monday to extend the fragile ceasefire and end the over three-month-old conflict in the region. Diplomatic logistics and energy security Details of the deal have not been released till now, but reports suggest it won’t be implemented till the agreement is signed, which is scheduled for Friday in Geneva, Switzerland, mediator Pakistan said. The agreement is poised to reopen the Strait of Hormuz, but it will still take months for the global energy crisis to ease that was caused by the closure of the crucial waterway. Conditions and Regional Compliance Vance, during an interview with CBS News, said Tehran could get access to a $300 billion reconstruction fund which is supposed to be funded by the Gulf nations, though the Islamic Republic must meet certain obligations to fulfil the conditions in order to access the fund. “That’s the sort of thing they could have access to, funded by …
