Amid week-long talks between the U.S. and Iran to end the ongoing conflict in the Middle East, details of a draft proposal discussed by both sides have emerged. Officials involved in the talks told The New York Times that a new draft memorandum is under discussion and is nearing approval from both parties.
However, they held differing opinions on what the peace proposal actually contains, as both sides have yet to reach a consensus on it. If this deal is agreed upon, it would serve as an initial framework and pave the way for a larger agreement between the U.S. and Iran, who have been fighting since February 28.
Diplomats involved in the discussions told the American news outlet that the longer both sides haggle, the more frustrated they will become and clashes in West Asia will increase. Here are some of the points in the proposal being discussed by Iranian and American officials.
$300 Billion Reconstruction Fund for Iran
According to media reports, one of the most surprising elements of the proposal was recently added to the agreement. This agreement includes a plan to create a “Reconstruction and Investment Fund” for Iran. According to the report, an Iranian diplomat cited this figure as $300 billion, while others involved in the mediation process could not confirm this amount.
Iranian officials have described this fund as a “reconstruction program,” which has been promised to Iran upon signing the final agreement. Prior to the talks, Tehran had demanded reparations for damage caused by bombing, which some Iranian officials estimated to be between $300 billion and $1 trillion.
