DUBAI — At the heart of the deal to end the Middle East war lies a $300 billion fund to rebuild and develop Iran — but so far it is unclear who will foot the bill. Here's what we know about the fund and its potential backers. What's in the text? The memorandum of understanding says Washington "undertakes with regional partners to develop a definitive mutually agreed plan with at least $300 billion for the reconstruction and economic development" of Iran. "The mechanism for the implementation of this plan will be finalized as part of a final deal within 60 days. All required licenses, waivers, and permissions needed for the relevant financial transactions will be granted by the United States of America," it added. The text does not say who will contribute to the fund, which is only one of many economic incentives the Americans have dangled in front of Iran to encourage them to sign a definitive deal. The text also states the end of "all types of sanctions" on Iran upon the signing of a final deal, with Washington immediately issuing waivers allowing Tehran to sell oil. "I think the idea
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- 01DUBAI — At the heart of the deal to end the Middle East war lies a $300 billion fund to rebuild and develop Iran — but so far it is unclear who will foot the bill..
- 02The memorandum of understanding says Washington "undertakes with regional partners to develop a definitive mutually agreed plan with at least $300 billion for the reconstruction and economic development" of Iran. "The mechanism for the implementation of.
- 03Here's what we know about the fund and its potential backers.
- 04What's in the text?
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