US Supports Gulf Contributions to Iran Fund Without Direct Involvement

The United States has expressed support for Gulf countries contributing to a $300 billion fund for Iran, although it will not make any contributions itself, according to Vice President JD Vance. This announcement comes as the Trump administration prepares to finalize a Memorandum of Understanding (MOU) with Tehran. Vance stated that the funding would be contingent upon Iran meeting specific obligations, including ending its nuclear program and allowing inspections. He emphasized that no American taxpayer money would be involved in this funding initiative. A senior administration official noted that the fund's release would be tied to Iran's performance and investment potential. The specific criteria for unlocking these funds have not yet been disclosed. Former State Department official David Schenker raised concerns about the potential for Iran to receive significant financial resources, reminiscent of past agreements. The negotiations surrounding the MOU are expected to address contentious issues, including Iran's nuclear activities. Vance is set to lead the U.S. delegation to a signing ceremony in Geneva, Switzerland, although preliminary agreements have already been made virtually.