The man who spent a decade calling Obama a traitor for sending Iran $400 million is now floating a fund four hundred times that size, just with a friendlier name on the tin.
A draft memorandum of understanding between the United States and Iran, reported by the New York Times on 28 May 2026, includes a proposed £224 billion ($300 billion) reconstruction mechanism for Iran. The fund's inclusion follows months of negotiations to end the 2026 US-Iran war, during which Tehran had explicitly demanded reparations for bombardment damage that some Iranian officials estimate at between £224 billion ($300 billion) and £745 billion ($1 trillion).
