Trump Denies $300 Billion U.S. Investment in Iran as G7 Seeks Hormuz Clarity
Updated
Updated · CNBC · Jun 16
Trump Denies $300 Billion U.S. Investment in Iran as G7 Seeks Hormuz Clarity
3 articles · Updated · CNBC · Jun 16
Summary
Trump said at the G7 summit in Evian that the U.S. will invest “no money” in Iran, rejecting reports tied to a new U.S.-Iran memorandum and peace deal.
The denial followed speculation that Washington would allow a $300 billion investment fund for Iran; Trump called that “Fake News,” while Vice President JD Vance said Gulf-backed access had been discussed if Iran met its obligations.
Iran quickly became a central G7 issue, with European leaders welcoming the agreement but pressing for details on reopening the Strait of Hormuz and restoring toll-free navigation.
Ursula von der Leyen said the crisis showed Europe’s energy dependence had again been weaponized, adding that G7 leaders would discuss reducing reliance on transit through the strait.