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U.S.-Iran Deal Adds $300B Fund
Reuters reported that the framework of the agreement between the United States and Iran includes the creation of an investment fund worth $300 billion to stimulate investment within Iran, with more than half of the amount actually committed. The fund aims to provide economic incentives and strengthen relations between the two sides. It includes investments from companies from the U.S., the Gulf region, Asia, South America, and Africa in the sectors of energy, logistics, manufacturing, and transportation. This comes at a time when Washington and Tehran are preparing to sign a final agreement after announcing the establishment of a cooperation framework. The idea originates from Iran's demand for war reparations totaling $400 billion, which Washington rejected. The contributions from the region will be used to fund reconstruction efforts and improve infrastructure damaged by the war.
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