The fund, known as the Reconstruction and Development Fund, is expected to draw capital from businesses and financial institutions in the United States, Gulf countries, Asia, South America, and Africa.
Investments will focus on energy, transportation, logistics, and manufacturing.
The initiative is designed to create economic incentives for Washington and Tehran as they work toward negotiating a more comprehensive agreement in the coming months.
Earlier, US and Iranian officials confirmed that the two sides had reached a framework agreement aimed at ending a nearly four-month conflict, reopening the Strait of Hormuz, and lifting restrictions on Iranian exports.
US Vice President J. D. Vance suggested that Iran could gain access to a 300 billion USD reconstruction fund backed by Gulf states if it fully complies with its commitments, including abandoning ambitions to acquire nuclear weapons, addressing its stockpile of enriched nuclear material, and accepting a stringent monitoring regime.
Sources noted that the proposed investment fund is entirely separate from ongoing negotiations concerning sanctions relief and the release of Iranian state assets currently frozen abroad.
