Trump denies reports of US funding as part of Iran deal

US President Donald Trump denied recent reports that the US-Iran deal includes provisions for $300bn in investments for Tehran.

“We're not investing, we're not putting up 10 cents,” he said on Wednesday on the sidelines of the G7 Summit in France. He added that he’s not asking Gulf countries to invest in Iran either, but “if they do it, fine”.

“I would say they won’t be doing it for a while until they find out the behaviour [of the Iranians],” he said.

Earlier this week, US Vice President JD Vance said Iran could gain access to a $300bn reconstruction fund backed by Gulf states if it complies with an agreement with Washington, including dismantling its nuclear programme, eliminating its stockpile of enriched material, and accepting a stringent inspection and enforcement regime.

It was further claimed by a Reuters report that more than half of the promised amount has already been committed and that it will be composed entirely of private-sector funds.