US President Donald Trump claims Iran has agreed to never build nuclear weapons, calls $300 billion deal ‘fake news’

US President Donald Trump has publicly backed a key part of the newly announced agreement with Iran, saying Tehran has committed to never developing nuclear weapons. In a post on Truth Social on Monday, 15th June, Donald Trump wrote, “Iran has agreed to never have a Nuclear Weapon!” making it his clearest endorsement yet of the memorandum of understanding (MOU) reached between Washington and Tehran.

In the same message, Trump strongly rejected reports that the United States would provide money to Iran as part of the agreement. He called such claims “Fake News” and wrote that reports suggesting the US was paying Iran “300 million Dollars” were false.

Administration acknowledges investment proposal

However, discussions about a much larger financial package were confirmed by members of Trump’s own administration. According to a report by the Financial Times, US officials have discussed allowing the creation of a $300 billion investment fund for Iran as part of a broader settlement to end the conflict.

Officials said the proposed fund would depend on Iran following the terms of the agreement and would be linked to its performance under the deal. The formal signing of the MOU is expected to take place in Geneva on Friday.

Importantly, the proposed fund is not described as a direct payment from the US government. People familiar with the talks said the money would likely come from private investors interested in Iran’s energy-rich economy rather than from public funds. Details about how the fund would be managed have not yet been finalised.

Vance and other officials discuss incentives

Vice President JD Vance also referred to the proposal during an interview with CBS News. He said Iran “could have access” to a $300 billion reconstruction fund if it meets its obligations under the agreement. According to Vance, the fund could be backed by a Gulf coalition and would only be available if Iran follows the deal.

Reports from the New York Times said the idea was first promoted by Trump’s Middle East envoy Steve Witkoff and Jared Kushner. The proposal reportedly included encouraging real estate projects in Tehran and creating a wider investment program to support economic development.

What the agreement includes

Pakistan and Qatar brokered the agreement after 107 days of conflict. It extends the current ceasefire for another 60 days and creates a path toward reopening the Strait of Hormuz.

Under the draft framework, Iran again commits to its obligations under the Nuclear Non-Proliferation Treaty and agrees not to pursue nuclear weapons. Further negotiations on nuclear issues, including the future of Iran’s enriched uranium stockpile, are expected during the next 60 days before a final agreement is reached.