JPM | A $400B US/Iran Deal, HFs regross Asia Gold Miners, positive takes from Central Banks on Gold, Qatar restarting LNG quicker, China Oil demand rebound, Capstone Copper encouraging data

研报英文原文证据摘录

JPM | A $400B US/Iran Deal, HFs regross Asia Gold Miners, positive takes from Central Banks on Gold, Qatar restarting LNG quicker, China Oil demand rebound, Capstone Copper encouraging data

Specialist Sales

APAC Specialist Sales J P M O R G A N

17 June 2026

Detailed Highlights

US/IRAN: Details on Deal Start to Take Form, $100B Asset Release, $300B Private Fund ( & Reported 14 Point MOU Here)

• Good morning, as we get closer to the MoU in-person signing (electronic done Sunday) more details have started to emerge

with US allowing Iran to immediately begin selling oil (WSJ) and fuel after the agreement is signed and also includes

necessary services around it (eg banking, transport, insurance to facilitate).

• Reuters reporting a $300B fund is in place for Iran Reconstruction: (Interesting Reuters Exclusive) With $150B+ already

committed - The mechanism envisages regional countries contributing in various ways, the Iranian source said. These include

securing loans, establishing credit lines or directly financing the reconstruction of sites damaged in the war, including facilities

such as the Mobarakeh Steel complex, refineries, airports and, more broadly, infrastructure affected by the conflict.

• Sustained relief via releasing $100B frozen assets would be tied to Iran’s performance on US demands like re-opening

the SoH and its’ nuclear program.Included in that relief is a provision for a regional reconstruction and development fund for

Iran that could reach $300B. US’ Trump also said, “we are in no rush to get the nuclear material.” Iran said that talks on a

final deal with the US may start on Friday. Also important caveat mentioned by Iran is that “any military attack by Israel