What We Know About Potential $300 Billion For Iran In Peace Deal

[00:00:00]Iran could have access up to $300 billion in reconstruction funds if it adheres to a peace agreement it recently struck with the US, according to Vice President J.D. Vance and multiple reports.

[00:00:13]>> [music] >> Though official terms of the deal remain scarce as President Donald Trump has seemingly denied the payout as {quote} fake news.

[00:00:22]Vance told CBS News on Monday the $300 reconstruction fund was {quote} the sort of thing they could have access to funded by the Gulf Coast Coalition so long as they honor their end of the obligation.

[00:00:36]Trump said Monday {quote} the story that the US is paying Iran $300 million news put out by the Democrats.

[00:00:45]Adding Iran {quote} has agreed to never have a nuclear weapon.

[00:00:50]Reports from Reuters and Bloomberg have said the $300 fund is real with the former outlet reporting that more than half of that sum has already been committed and the fund is designed to give both sides an economic incentive to conclude a final deal.

[00:01:06]Reuters citing a source Tuesday with knowledge of the deal reported it as a {quote} private fund designed to trigger investment into Iran.

[00:01:15]The US and Iran have continuously appeared split on their interpretations of the deal which will establish a 60-day period for negotiations.

[00:01:24]The talks during that time [music] will likely revolve around thornier subjects like Iran's nuclear program.

[00:01:31]In addition to the reported $300 fund, the deal signed this week will also extend the ceasefire between the US and Iran and open the Strait of Hormuz, the crucial oil shipping route both countries have enacted blockades on.

[00:01:46]The US and Iran are scheduled to sign the peace agreement on Friday in Switzerland. For more on the story, check out the article at the link in the description.

[00:02:04]>> Mhm.