U.S. President Donald Trump denied reports that the United States would provide financial support to Iran as part of a peace agreement. Speaking at the G7 summit in France, Trump stated, 'We are not investing any money in Iran,' dismissing rumors as 'ridiculous.' The comments came amid discussions on a Memorandum of Understanding between Washington and Tehran, which Trump confirmed involved Iran agreeing to never pursue nuclear weapons.
Vice President JD Vance suggested Iran could access a $300 billion reconstruction fund, but clarified it would be funded by the Gulf Coast Coalition if Iran honored its obligations. The fund, if established, would address economic damage from the war and U.S. sanctions, estimated in the hundreds of billions.
Key terms of the agreement, as outlined by Vance, include:
- Iran surrendering its stockpile of enriched uranium.
- Allowing international nuclear inspectors access.
- Pledging not to pursue or purchase nuclear weapons.
European leaders welcomed the deal, emphasizing the need to reopen the Strait of Hormuz and restore freedom of navigation. European Commission President Ursula von der Leyen called for a ceasefire in Lebanon and stressed the importance of toll-free maritime access.
The agreement has drawn comparisons to former President Barack Obama’s nuclear deal, which included a controversial cash payment to Iran. Critics have raised concerns about Iranian hardliners downplaying concessions while emphasizing benefits.
The G7 summit also addressed Ukraine’s security, economic growth disparities, and the future of artificial intelligence, with Iran remaining a dominant topic.