U.S. -Iran framework agreement proposes to establish US$300 billion in private funds to drive investment in Iraq

On June 17, Reuters reported that sources said that the U.S. -Iran framework agreement included a plan to establish a $300 billion private fund to drive investment in Iran. The US$300 billion Iran investment fund can only begin operations after a final agreement is signed. The fund is a private investment vehicle that does not involve government funds and has nothing to do with negotiations on frozen Iranian sovereign assets overseas. The fund program has received more than half of funding commitments from companies in the United States, Gulf Arab States, Asia, South America and Africa.