President Donald Trump and Vice President JD Vance denied reports that the U.S. is preparing a $300 billion [1] fund for Iran.
The denial comes as speculation grows regarding a potential deal to end a conflict between the United States and Iran that has lasted more than 100 days [1]. If true, such a payment would represent one of the largest single financial transfers in diplomatic history, potentially altering the geopolitical balance in the Middle East.
Reports surfaced this week suggesting a deal had been signed on a Friday in mid-June 2026 [1]. These claims alleged the $300 billion [1] fund was intended to secure an end to the hostilities and was being discussed in the context of the upcoming G7 summit [1].
President Trump addressed the rumors directly. "There is no plan to give Iran $300 billion," Trump said.
Vice President Vance also rejected the reports. "Iran will not receive any money directly from the United States," Vance said.
The administration's stance is supported by the U.S. State Department. An unnamed official from the department said the claim that the administration is preparing the fund has no supporting evidence [2].
Despite the denials, the reports continued to circulate online. Fact-checkers noted that there is no proof of the existence of such a fund [2]. The administration maintains that no concrete plan for a payment of this magnitude has been announced or developed.
“"There is no plan to give Iran $300 billion."”
The rapid spread of these claims highlights the volatility of information surrounding U.S.-Iran relations during an active conflict. By explicitly denying the $300 billion figure, the administration is attempting to preempt domestic political backlash and manage expectations ahead of the G7 summit, where diplomatic breakthroughs are often sought.
