300 billion plays out such a huge detour—Trump’s face-saving vanity project is cranked all the way up; in the end, American companies can still get in and share the cake.

The U.S.-Iran peace draft would establish up to $300 billion in Iranian reconstruction funds, but intentionally uses the term “international investment fund” instead of compensation to sidestep public backlash. The core logic is that Trump is unwilling to sign any provisions involving direct payments to Iran, and he privately said he would not disclose the fund exchange before further notice. The idea for the fund originated with Middle East envoys Vitkov and Kushner. It was initially driven by incentives for Tehran real estate development, later taken over by Iran, and developed into a framework that allows U.S. companies to enter the Iranian market through joint ventures, providing a commercial rationale for the fund.