Who is responsible for the commitment of at least $300 billion by the United States and regional partners for Iran's reconstruction and economic development? Who will come out? Is the US government funding it? This clause is highly controversial and is most easily understood as' the US government is going to compensate Iran with $300 billion ', but according to current public information, it is highly likely that this money was not directly allocated by the US Treasury Department. This should be a $300 billion financing framework for Iran's reconstruction and economic development, with funding closer to private investment vehicles. Sources may include Gulf state capital, regional funds, American companies, Asian companies, South American and African companies, investing in cash flow generating projects such as energy, logistics, manufacturing, and transportation. The responsibility for this money needs to be dismantled. The US government is responsible for sanctions exemptions, financial licenses, banking transaction licenses, energy transaction licenses, insurance and shipping related licenses. As long as Iran remains within the framework of US sanctions, no company or financial institution dares to invest money casually, so the US bears compliance and political responsibility. Regional partners are responsible for organizing capital, especially Gulf countries, sovereign capital, energy groups, and infrastructure funds. Private capital is responsible for specific projects, and companies will not unconditionally give money. What companies want is the long-term returns of oil and gas, ports, railways, highways, power grids, industrial parks, and manufacturing projects. This has resulted in a very ironic outcome. Trump can say that the US government did not directly contribute the US $300 billion, which is highly probable. But the fact that the United States did not directly contribute money does not mean that the United States has won a beautiful victory. Because before the United States fought this war, its core goal was to suppress Iran's nuclear capabilities, process enriched uranium, weaken Iran's regional influence, and at least make Iran pay a sufficiently high price. The content that appeared in the agreement was to lift the blockade, restore energy and financial transactions, unfreeze assets, and add a $300 billion reconstruction investment framework. This is the most ugly place where Trump represents the United States. The United States may not have paid in cash, but it personally provided legitimacy for this funding arrangement. Gulf capital and international enterprises can say that they are investing, Iran can say that it has been given the opportunity to rebuild, and Trump can only emphasize that the American taxpayer has not paid. But the problem is that after the war, the narrative of the United States shifted from "making Iran yield" to "helping Iran restore financing conditions", and this contrast is too great. For Iran, it doesn't matter who gave the money, it's already a huge victory. Because after being hit, the United States can still obtain relaxation of sanctions, release of assets, resumption of energy trading, and external investment framework, which itself indicates that the United States has not achieved its initial goals. So the final funds may not have been provided by the US government, but the agreement was signed by the US, and cash may not necessarily go from the US treasury. The channel for Iran's economic recovery needs to be released by the US. Trump can say at home that the United States did not lose money, but in terms of geopolitics, this is still a very humiliating end. Bitget is here, VIP! Crypto、 US shares CFD， Global Advantage One Stop Layout