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Foreign Ministry: "Monitoring Discussions on Iran Reconstruction Fund and Related Developments"

Foreign Ministry: "Monitoring Discussions on Iran Reconstruction Fund and Related Developments"
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▲ Strait of Hormuz

The Ministry of Foreign Affairs stated today (June 18) that it will continue to monitor developments regarding the establishment of a fund for Iran's reconstruction and economic development, estimated to be at least $300 billion.

A ministry official met with reporters today and said, "We understand that the reconstruction plan is linked to the final agreement on the Iranian nuclear issue that will proceed in the future," adding, "We will keep an eye on related discussions and monitor the movements of the countries involved."

While there have been reports that companies from countries including South Korea, Japan, Singapore, and Malaysia have pledged to contribute to the $300 billion Iran reconstruction fund outlined in a memorandum of understanding (MOU) between the United States and Iran, it is reported that no requests have been made to South Korean companies, nor have there been any such requests to the other countries mentioned.

As various views are being raised regarding how to raise the $300 billion, it is suggested that these reports may stem from ideas that were discussed informally.

The government is also paying close attention to the progress of mine-clearing operations aimed at opening the Strait of Hormuz.

While countries such as the United Kingdom and France have publicly stated their willingness to assist in mine-clearing efforts, Iran has maintained a reserved stance, and it is understood that they may even oppose the participation of other nations in these operations.

Having achieved the results of the ceasefire agreement by using the blockade of the Strait of Hormuz as leverage against the United States, Iran appears to perceive itself as having control over the strait and is interpreted as being reluctant to allow military involvement by other countries in the area.
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