Topline
President Donald Trump denied on Thursday that the U.S. is providing Iran with $300 billion for its post-war reconstruction fund, the second time he has shot down the idea this week as the U.S. and Iran prepare to sign a so-called memorandum of understanding on Friday.
Key Facts
Trump said in a Truth Social post there is no “300 Billion Dollar payment to Iran by the U.S.,” in a Truth Social post, saying the concept was, “Dumocrat propaganda at play!!!”
A $300 billion reconstruction fund for Iran does exist, though Vice President JD Vance said this week the money would be sourced from the Gulf Coast Coalition, seemingly referring to the Gulf Cooperation Council consisting of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates.
“The United States isn’t giving up a cent of money to Iran,” Vance told reporters Thursday, noting Iran could access the $300 billion if they “fully comply” with the peace deal being signed Friday.
This is a developing story. Check back for updates.