The new fund is a private investment vehicle, not a reconstruction or reparations programme and will not include any government money or grants, a source says.

An alleged $300 billion fund to aid Iran's recovery post-instability is a key focus of the US-Iran peace deal, though official confirmation and funding details remain unclear.

A proposed $300 billion reconstruction fund for Iran hinges on nuclear commitments as US-Iran negotiations approach a potential June 2026 signing date.