As mediators between Iran and the United States continue to negotiate a preliminary agreement that might ultimately end the war, one new detail of the agreement appears to reference a $300 billion “investment fund” for Iran.
The fate of the discussions between the U.S. and Iran remained unclear on Friday after U.S. officials said there had been progress toward a “memorandum of understanding.” Follow live updates.
— The New York Times (@nytimes.com) May 29, 2026 at 4:40 AM
From the New York Times:
Perhaps the most surprising, and apparently recent, addition to the agreement is a reference to an investment fund for Iran. The Iranian official and one diplomat put it at $300 billion, but other officials involved in mediation would not confirm the amount.
The Iranian official described it as a “reconstruction program” that would be promised to Iran in the event a final agreement was signed. Earlier in the negotiations, Tehran had demanded reparations for bombardment damage that some Iranian officials estimate at $300 billion to $1 trillion.
Two diplomats briefed on the latest draft called it an international “investment fund,” which the United States would help facilitate in the event of a final deal. Plans for such a fund would be further discussed during the negotiations period, the diplomats said.
Pallets of cash baby!!!!
We’re going to rebuild Iran for them https://t.co/8lhTWkGFRd
— Adam Kinzinger (Slava Ukraini) 🇺🇸🇺🇦 (@AdamKinzinger) May 29, 2026
You’ll recall Trump has long attacked former President Obama for releasing $1.7 billion in Iranian funds (“pallets of cash”) that had been frozen since the 1979 revolution.
The funds were initially paid to the U.S. by Iran in a $400 million arms deal. But when the shah was overthrown in 1979, the U.S. didn’t deliver the arms and froze the funds.
The Obama administration returned $1.7 billion in 2016 that had been held for the arms that were never delivered.
Now Trump wants to give $300 billion to Iran to get out of the war he started…?
MAGA: Obama giving Iran $1.7 billion unfrozen assets is TREASON.
NYT: Trump’s Iran Deal to include $300 BILLION reconstruction fund for Iran.
MAGA: pic.twitter.com/gf8qhlCx1b
— Maine (@TheMaineWonk) May 29, 2026
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