NYT: U.S.-Iran draft understanding includes $300B investment fund

New details have emerged about a draft memorandum of understanding between the U.S. and Iran, according to a report from The New York Times cited by Israel's i24NEWS. The draft reportedly centers on a temporary de-escalation of hostilities and outlines a broad, complex framework intended to pave the way for a long-term agreement through parallel political and economic commitments. Some versions are said to include language declaring an 'end of war' on multiple fronts, including a halt to fighting in Lebanon. A key proposal in the draft is the establishment of an international 'investment fund' for Iran, which some participants described as a post-war reconstruction mechanism. The fund's size is being discussed at around $300 billion, though not all mediating parties have confirmed this figure. Iran reportedly defines the initiative as a reconstruction plan to be activated after a final agreement is reached, and its previous demands for compensation for past airstrike damages were said to be much larger.