President Donald Trump denied reports that the Memorandum of Understanding between the U.S. and Iran will result in hundreds of billions of dollars being handed to the Islamic Republic.
Speaking to reporters at the G7 summit in France, the president said that rumors indicating we would hand over $300 billion to the mullahs are bogus.
We’re not handing over a dime, he said:
Asked by Fox News' Peter Doocy about reports of a $300 billion investment and reconstruction fund funded by Gulf allies, Trump responded, "It's false. False."
"You can invest if you want. I mean, what am I going to do, say nobody's ever allowed to invest? No, we're not investing. We're not putting up $0.10. And, people can decide to do that, but that's up to them. I mean, do you want me to say nobody's ever allowed to invest in in a country?" Trump said.
"We are not investing in it and we do not have a fund," Trump said.
"We are not investing ten cents."@POTUS shuts down false narratives around the MOU with Iran. pic.twitter.com/9H5SOeXrc2
— Rapid Response 47 (@RapidResponse47) June 17, 2026
MORE: Trump Tells G7 'I'm the Boss' and Reminds World Leaders Who's Back
Trump: New Iran Deal Is a Wall Against Nuclear Weapons
The president also posted to Truth Social to tout the record level of investment in the U.S., that the Strait of Hormuz will be reopened, and that the MOU means Iran will never get nuclear weapons:
Trump:
I will be doing a Press Conference in 45 minutes from France. I’ll then be heading to Versailles for Dinner with French and other European Leaders, and then back home tonight! The trip was a Great Success but, mostly what people wanted to talk about, is the fact that Iran will not have a Nuclear Weapon, and that the Strait of Hormuz will immediately be opened! Great Numbers in all categories for the United States Economy with more people working today than have ever worked before. Over 19.1 Trillion being invested in the U.S.A. with Factories and everything else happening but, importantly, recent Stock Market numbers are through the roof because of the settlement and, likewise, Oil Prices are tumbling down! President DONALD J. TRUMP
Trump maintained that the Iranian regime wants this to end:
.@POTUS on Iran: "I've gone into deals that were 100% and they don't happen. I've gone into deals that there was no chance of getting them done, and it happens... So you never know with deals... I think it will be done. They want to sign. They want to get back to a normal life." pic.twitter.com/ClxJljMATN
— Rapid Response 47 (@RapidResponse47) June 17, 2026
But he also told reporters that the path forward very much depends on how Iran behaves. They step out of line, and they’ll get hit:
"No, it's not final; it's a memorandum of understanding and if I don't like it, we'll go back to shooting at them, dropping bombs on their head," he said.
"If I don't like it, if they don't behave, we'll go right back to dropping bombs right smack on the middle of their head, ok? Because they've misbehaved for 47 years."
Vice President JD Vance, who’s been making the rounds of news shows to promote his new book and talk about the Iran deal, told CBS News that the text of the MOU will be released by Friday at the latest. Until then, pundits can speculate all they like, but we won't know the actual terms until they're released.
Editor's Note: For decades, former presidents have been all talk and no action. Now, Donald Trump is eliminating the threat from Iran once and for all.
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