Iran’s windfall gamble hinges on 60-day talks and a private-backed reconstruction fund

The US is launching a 60-day window of negotiations with Iran under an MOU to pursue a broader nuclear agreement. While Washington says benefits depend on Tehran’s compliance, there are notes of possible early concessions—such as temporary sanctions waivers to allow oil sales and potential access to frozen funds—though officials deny automatic transfers. If a final deal is reached, sanctions would be lifted on a set schedule and Iran would be required to retrieve enriched uranium, curb further enrichment, and accept inspections. A controversial proposed “prosperity fund”—a roughly $300 billion reconstruction plan backed by private Gulf and East Asian investors and not funded by US taxpayers—could support Iran’s development only if Tehran ends its nuclear program. Details remain unclear, with the White House stressing progress hinges on Iran’s seriousness.