US, allies to make plan for $300 bn Iran reconstruction fund

Published June 17, 2026 Updated June 17, 2026 10:43pm

Iran could get access to a $300 billion reconstruction fund under a deal with the United States, US officials say as they release the text, while insisting that Washington is under no commitment to contribute, AFP reports.

Tehran will also be allowed to resume oil sales as soon as the agreement is signed this week, while all sanctions will be lifted if a final deal is reached after the 60-day negotiation period, senior administration officials say.