US-Iran MoU outlines $300 billion Iran reconstruction fund — but who will pay the bill?

US secretary of state Marco Rubio is heading to the Gulf amid controversy over a proposed $300 billion reconstruction fund for Iran. While critics decry it as a US payout, the administration claims Gulf states and private investors would largely finance it. However, some Arab allies fear a wealthier Iran could boost its regional influence and military might, sparking unease despite suggestions of significant foreign interest in investing. US secretary of state Marco Rubio is heading to the Gulf amid controversy over a proposed $300 billion reconstruction fund for Iran. While critics decry it as a US payout, the administration claims Gulf states and private investors would largely finance it. However, some Arab allies fear a wealthier Iran could boost its regional influence and military might, sparking unease despite suggestions of significant foreign interest in investing.