US official: Large fund for Iran's reconstruction to be included... linked to performance
Translated from Korean, summarized and contextualized by DistantNews.
At a glance
- The U.S. is considering establishing a large fund to support Iran's post-conflict reconstruction, according to a senior U.S. official.
- Any U.S. support, including sanctions relief and access to frozen funds, will be directly tied to Iran's verifiable actions on its nuclear program and halting terror support.
- The U.S. official presented Iran with two paths: continued isolation and inability to rebuild its nuclear and defense industries, or integration into the global economy through verifiable measures.
The United States is exploring the creation of a substantial fund to aid Iran's post-conflict reconstruction, a senior U.S. official confirmed during a press briefing. This potential financial support, alongside sanctions relief and access to frozen assets, is explicitly contingent upon Iran demonstrating concrete, verifiable progress in curbing its nuclear program and ceasing its support for terrorism.
We are prepared to discuss lifting sanctions on the Iranian economy, allowing access to frozen funds, and establishing a large fund for Iran's reconstruction.
The official indicated that discussions include plans for sanctions relief, releasing frozen funds, and supporting Iran's reconstruction efforts. A fund of approximately $300 billion (around 454 trillion won) was mentioned, but this would only be accessible if Iran establishes itself as an "investable country." The U.S. stressed that financial benefits would not be granted merely for attending meetings or for initial steps like opening the Strait of Hormuz.
We mention a fund of about $300 billion, but this is only possible if Iran makes itself an 'investable country.'
"We do not give money just because it appears at a meeting," the official stated, emphasizing that Iran must provide verifiable proof that it is not pursuing nuclear weapons, not supporting terrorism, and not engaging in clandestine activities. Economic concessions from the U.S. would be implemented incrementally, with smaller Iranian steps potentially met with "small gestures" from the U.S. in the initial stages. Significant fund releases and sanctions relief would only follow confirmation of Iran fulfilling its core obligations.
We do not give money just because it appears at a meeting, nor do we immediately pay compensation just because the Strait of Hormuz has been opened.
The official firmly denied recent reports suggesting that $25 billion (approximately 37 trillion won) in frozen funds had already been released to Iran, stating unequivocally that the amount is "zero dollars." The official suggested that hardline factions within Iran might be disseminating such rumors to influence domestic public opinion or allies. The U.S. presented Iran with a clear choice: remain isolated and unable to rebuild its nuclear and defense sectors, or integrate into the global economy by taking verifiable steps toward normalization.
We are prepared to lift frozen assets and ease sanctions, but everything will be tied to verifiable milestones.
Originally published by Hankyoreh in Korean. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.