Iran pledged no nukes, but '$300M' fund claim false: Trump
What's the story
United States President Donald Trump has claimed that Iran has agreed to never develop nuclear weapons. "Iran has agreed to never have a Nuclear Weapon! Also, the story that the US is paying Iran 300 million Dollars is Fake News, put out by the Dumocrats," Trump wrote in a post on Truth Social. The details of the agreement are still unclear, but it is aimed at opening negotiations on Tehran's nuclear program and sanctions relief.
Payment controversy
Lack of clarity over figure in deal
The details about the memorandum of understanding (MoU) between Washington and Tehran suggest that it includes provisions for releasing Iran's frozen assets, providing sanctions relief, and establishing a $300 billion fund to assist in rebuilding Iran, contingent upon Tehran meeting specific benchmarks. The figure is in billion dollars, instead of $300 million as it appears in Trump's post.
Diplomatic success
Vice President JD Vance backs Trump
Vice President JD Vance also backed Trump's position, calling the emerging agreement a major diplomatic success. He reiterated that preventing Iran from obtaining nuclear weapons was a central objective of the administration. "Once again, President Trump's efforts to establish peace have paid off for the American people, despite countless attempts to thwart it by people who hate America and President Trump," Vance wrote on X.
Twitter Post
US Vice President's video message
The President has been clear from day one: Iran will never have a nuclear weapon.
— JD Vance (@JDVance) June 15, 2026
Once again, President Trump's efforts to establish peace have paid off for the American people, despite countless attempts to thwart it by people who hate America and President Trump. pic.twitter.com/w9SWDRCOsZ
Peace process
Final agreement yet to be negotiated, warns Iranian president
Iranian President Masoud Pezeshkian called the US-Iran memorandum of understanding an "important step" toward ending hostilities. However, he warned that a final agreement establishing a lasting truce is yet to be negotiated. The $300 billion figure has been described differently in Western and Iranian reports. Iranian media say the demand is linked to a broader package that includes the release of $24 billion in frozen Iranian assets during a 60-day negotiation period, with half of the amount made available upfront.
Agreement details
Draft MoU 'very general document': Vance
Reports in US media, however, characterize the $300 billion figure as an international investment and reconstruction programme, facilitated by Washington, likely involving private-sector capital rather than reparations. According to Vance, the draft memorandum of understanding (MoU) is about one-and-a-half pages long and remains "a very general document." Inspectors from the International Atomic Energy Agency (IAEA) would return to Iran under this agreement, which also aims to eliminate Iran's stockpile of highly enriched uranium.
Conditions set
US demands from Iran before final agreement
US officials have said that Iran would have to meet key American demands before receiving the full benefits of any final agreement. These include a commitment not to build nuclear weapons and ending support for regional militant groups such as Hezbollah. The draft also calls for discussions on future enrichment activities and other mutually agreed matters related to Iran's civilian nuclear needs.