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. ...