US, allies to make plan for $300 billion Iran reconstruction fund

AI Summary

The United States and its allies are preparing a plan for a $300 billion reconstruction fund for Iran, which may allow Tehran to resume oil sales and have sanctions lifted after negotiations. While Washington insists it is not committed to contributing, the agreement aims to support Iran's post-conflict recovery.

Iran could get access to a $300 billion reconstruction fund under a deal with the United States, US officials said Wednesday as they released the text, while insisting that Washington was under no commitment to contribute. Tehran would also be allowed to resume oil sales as soon as the agreement is signed this week, while all sanctions would be lifted if a final deal is reached after a 60-day negotiation period. FRANCE 24's Caitlin Brown reports.