U.S. President Donald Trump said that America will not invest money in Iran after a memorandum of understanding was agreed with Tehran,
CNBC reports.
“We are not investing any money in Iran, by the way, and ... that rumor got out there yesterday was ridiculous,” he told reporters on the sidelines of the G7 summit in Évian-les-Bains, France. “We have the right to go in some day and do, if I want to do something, or if somebody wants to do something, but we are not investing any money.”
Leaders from the wealthy Group of Seven countries — the U.S., the U.K., France, Germany, Canada, Italy and Japan — are gathering in the Alpine town for the summit, with representatives from the European Union and Ukraine also among those invited to attend.
Hours before leaving the U.S. for France, Trump announced the U.S. and Iran had reached a deal to end their war in the Middle East.
In a Truth Social post on Monday evening, Trump described reports that the U.S. would pay a huge sum of money to Iran as “Fake News.”
He appeared to be referring to reports that the terms of the peace agreement could involve Washington allowing for the creation of a $300 billion investment fund for Iran. Vice President JD Vance told CBS on Monday that it was 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.”
