The $300 Billion Fund: How Iran Gets Paid Without Taxing the Strait
The deal includes a $300 billion Reconstruction and Development Fund — a private investment vehicle, over half committed, replacing Iran’s original $400 billion war-damage demand. Read against the crisis, the fund is the legitimate alternative to the Hormuz toll: it supplies the reconstruction capital the toll was meant to extract, by investment rather than by taxing global trade. If the fund fills, the economic rationale for the toll evaporates — strengthening the case for a minimal service fee. But Gulf hesitation is the fault line.