Who pays for Iran’s recovery? US$300 billion fund emerges as flashpoint in ceasefire deal

A US$300 billion reconstruction fund for Iran has emerged as a flashpoint in a newly reached ceasefire agreement between Washington and Tehran, raising fresh questions over who will ultimately bear the cost. Outlined in a 14-point memorandum of understanding (MOU) signed by the United States and Iran after more than 100 days of conflict, the fund commits Washington to work with regional partners on Iran’s reconstruction and economic recovery. Yet, the agreement offers no details on how...