Back
U.S.-Iran Draft Memorandum May Include $300 Billion Fund for Iran Reconstruction

U.S.-Iran Draft Memorandum May Include $300 Billion Fund for Iran Reconstruction

According to available reports, U.S.-Iran talks remained unresolved after a May 29 White House Situation Room meeting, while a proposed $300 billion investment framework, Strait of Hormuz access, ceasefire terms, and frozen-asset demands stayed disputed.

Fact Check
Multiple independent authoritative sources corroborate the core claims. The NYT (May 28-29, 2026) and Iran International (citing Iranian MP Zohourian) both describe a draft U.S.-Iran MOU referencing a $300 billion reconstruction fund. Iran International specifically details all the disputed items mentioned in the claim: Strait of Hormuz access, 60-day ceasefire framework, and gradual release of frozen Iranian funds. Odaily confirms the May 29 Situation Room meeting produced no final decision, matching the claim's 'unresolved' framing. BlockBeats (via IBTimes) confirms the $300 billion figure is being relabeled an 'investment fund' to bypass political concerns. The framework is described as a draft/proposal—consistent with the claim's careful 'may include' phrasing.
Summary

Senior U.S. officials said Donald Trump held a roughly two-hour May 29 Situation Room meeting on Iran without reaching a final decision, even as the administration maintained that a deal was close. Reports describe an evolving draft memorandum or memorandum of understanding that could include a ceasefire extension, a negotiating period, reopening the Strait of Hormuz, and a roughly $300 billion reconstruction plan later reframed by the Trump administration as an international investment fund rather than direct U.S. funding. At the same time, multiple issues remained unresolved, including the possible unfreezing of Iranian funds, with newer reporting saying Iran demanded the release of $12 billion in frozen assets. Accounts also diverge on whether nuclear issues were part of the draft: some U.S.-side reporting referenced nuclear-related conditions, while Iranian-linked sources said any possible memorandum would not involve nuclear issues and was still being revised without final approval.

Terms & Concepts
  • Memorandum: A formal written understanding between parties that can outline areas of agreement without necessarily becoming a final binding treaty.
  • Strait of Hormuz: A strategic maritime chokepoint for global energy shipments, where disruptions can affect oil markets, trade flows, geopolitical risk sentiment, and spill over into assets such as cryptocurrencies.
  • International investment fund: A pooled financing structure that gathers capital from multiple participants for a defined purpose, rather than presenting support as direct bilateral government funding.