Private investors pledge $150 billion to Iran recovery fund

The fund, titled the Reconstruction and Development Fund, relies exclusively on private-sector capital from the United States, Gulf Arab states, and partners across Asia, South America, and Africa. Contrary to earlier characterizations of government-led aid, the vehicle focuses on energy, logistics, and manufacturing. President Donald Trump distanced the U.S. government from the financing on Wednesday, emphasizing that no public funds or taxpayer money would be involved in the project.

Tehran initially sought $400 billion in direct war reparations, a demand Washington rejected. The current framework, which includes contributions from South Korea, Japan, Singapore, and Malaysia, remains conditional. The fund will only become operational upon the signing of a final, satisfactory agreement. Over the next 60 days, administrators plan to scope specific reconstruction targets, including the Mobarakeh Steel complex and various energy refineries. Vice President JD Vance confirmed that access to these resources depends on Iran’s adherence to stringent inspection regimes and the dismantling of its nuclear program.