US President Donald Trump rejected reports that his administration is weighing a $300 billion fund for Iran as part of the agreement that has been virtually signed to end the conflict.
“Iran has agreed to never have a Nuclear Weapon! Also, the story that the U.S. is paying Iran 300 million Dollars is Fake News, put out by the Dumocrats!!!” Trump wrote in a Truth Social post.
His remarks came just hours after Vice President JD Vance suggested that Iran “could have access” to a $300 billion reconstruction fund if it complies with the terms of a deal, with funding expected to come from Gulf nations.
“That’s the sort of thing they could have access to, funded by the Gulf Coast coalition, so long as they honor their end of the obligation,” Vance said in an interview with CBS.
Vance was likely referring to the Gulf Cooperation Council, which includes Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates.
Moreover, CNN quoted US official’s earlier briefing to reporters, saying, “We discussed the possibility of releasing frozen funds, sanctions relief, you know, a big $300 billion fund to rebuild their country, and all of these things are going to be tied to performance.”
“And what will be discussed with them is, you’ll see in the MOU, we discussed the possibility of releasing frozen funds, sanctions relief, you know, a big $300 billion fund to rebuild their country,” a senior US official said.
The New York Times earlier reported that a draft agreement included a potential $300 billion reconstruction investment fund for Iran, citing Iranian and diplomatic sources.
However, senior U.S. officials clarified that the memorandum of understanding (MOU) signed digitally over the weekend is only an initial step, with detailed technical negotiations expected to begin later in the week and led by Vance.
Before the MOU was signed over the weekend, the vice president said Tehran would not be “receiving any cash” under the agreement with the U.S.
“First, the Iranians are not receiving any cash, and no funds are being released for simply signing a deal or attending a meeting,” Vance wrote on X. “The deal is structured to ensure that the US and its allies concerns are prioritized, and that if the Islamic Republic of Iran meets its obligations, then economic benefits will flow to them and to the entire region.”
