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International Business Times UK
International Business Times UK
World
Rohit David

Vice President Vance: Iran May Access $300 Billion Reconstruction Fund — But Not from US Taxpayers

JD Vance Iran X United States Vice President Gulf CBS Gulf States
Vance confirms Iran access to Gulf-backed $300 billion reconstruction fund if obligations met (Credit: JD Vance Instagram Account)

Vice President JD Vance has stated that Iran may be able to access a reconstruction fund worth $300 billion (£223.9 billion) under a tentative agreement with the United States, although he made it plain that no contributions would come from American taxpayers.

Speaking during a CBS News interview on Monday, he explained that financing would be provided by Gulf states contingent on Iran meeting its commitments in the framework designed to end recent fighting in the region.

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