South Korea consults US and Iran on Hormuz shipping access after peace deal

Vance says Iran could access $300 billion Gulf-funded reconstruction fund if deal holds

New York Post — USThe reconstruction money would come from Gulf states that were themselves targeted by Iranian attacks during the conflict, adding a striking dimension to the proposed post-deal architecture. South Korea is consulting separately with both the US and Iran on Strait of Hormuz transit arrangements for its oil shipments. Trump called reports about the $300 billion fund 'fake news,' contradicting his own vice president.