The United States and Iran are expected to formally sign a memorandum of understanding in Switzerland on Friday, with the agreement potentially paving the way for a $300 billion investment fund aimed at supporting Iran’s economic recovery after months of conflict.
US Vice President JD Vance said the proposed investment opportunities would depend on Iran’s compliance with the terms of the agreement, including international inspections of its nuclear programme. He stressed that the fund would not involve direct US payments to Tehran but would instead be backed by private investors and regional partners if Iran meets its obligations.
The agreement follows a ceasefire that ended a conflict which disrupted global energy markets and raised concerns over stability in the Middle East. Discussions are also expected to continue on key issues such as Iran’s enriched uranium stockpile, sanctions relief, and the long-term reopening of the Strait of Hormuz.
While leaders in Washington and Tehran have welcomed the agreement, questions remain over its implementation and the differing expectations of both sides.
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