President Donald Trump has seemingly debunked the claim that his latest deal with Iran requires forking over $300 billion to them.
“Iran has agreed to never have a Nuclear Weapon! Also, the story that the U.S. is paying Iran 300 million Dollars is Fake News, put out by the Dumocrats!!!” he wrote on Truth Social late this Monday evening.
Note, however, that he wrote 300 million, not 300 billion. It’s not yet clear if that was a typo.
“Iran has agreed to never have a Nuclear Weapon! Also, the story that the U.S. is paying Iran 300 million Dollars is Fake News, put out by the Dumocrats!!!” – President Donald J. Trump pic.twitter.com/Y9N9QWUqKm
— The White House (@WhiteHouse) June 15, 2026
The president’s dismissal of the rumor came after an unnamed U.S. official told reporters earlier Monday that the White House had discussed “the possibility” of releasing all that money.
“We discussed the possibility of releasing frozen funds, sanctions relief, you know, a big $300 billion fund to rebuild their country, and all of these things are going to be tied to performance,” the official said, according to The Hill.
Vice President JD Vance later seemed to confirm this when asked during a CBS News interview about the $300 billion.
“That’s the sort of thing they could have access to, funded by the Gulf Coast Coalition, so long as they honor their end of the obligation,” he said.
He meant the Gulf Cooperation Council, which includes Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates.
But on the other hand, his comment contradicted what he’d written on social media only days earlier:
I’m seeing a lot of fake information about a potential deal to reopen the Strait and end Iran’s nuclear weapons program. First, the Iranians are not receiving any cash, and no funds are being released for simply signing a deal or attending a meeting. The deal is structured to…
— JD Vance (@JDVance) June 12, 2026
“I’m seeing a lot of fake information about a potential deal to reopen the Strait and end Iran’s nuclear weapons program,” he wrote. “First, the Iranians are not receiving any cash, and no funds are being released for simply signing a deal or attending a meeting. The deal is structured to ensure that the US and its allies concerns are prioritized, and that if the Islamic Republic of Iran meets its obligations, then economic benefits will flow to them and to the entire region. This deal has the potential to remake the region and lead to lasting peace.”
“I’ve noticed a couple of bizarre things in the reporting over the last few hours. First, people who (rightly) said Donald Trump was a historic president a month ago now criticizing a deal based on unconfirmed media reports. Second, people who say you can’t trust a word said by the IRGC who apparently believe anonymously sourced social media posts. The president is going to get us a good outcome, one way or the other,” he added.
As previously reported, President Trump announced a temporary peace deal/memorandum of understanding with Iran on Sunday.
Iran’s Supreme National Security Council later confirmed that all military operations would cease “immediately and permanently” starting that evening.
“Under the agreements reached, the war and military operations on all fronts, including Lebanon, are ended immediately and permanently,” the SNSC said, according to a translation from Iran’s Mehr News Agency.
“Furthermore, the naval blockade against Iran is terminated immediately and completely,” the statement continued, this time referencing the United States’ obligations as per the new deal.
Statement by Supreme National Security Council (SNSC) of I.R. Iran:
The Islamic Republic of Iran, through the guidance of its martyred Leader, has completed its superiority over the American-Zionist enemy.
Under the measures of the esteemed Leader, support of the people, and… pic.twitter.com/d17FOEOnkA
— Iran Embassy in Sierra Leone (@IRANinSalone) June 14, 2026
The official memorandum is expected to be signed on Friday, at which point it’ll trigger a 60-day ceasefire between the U.S. and Iran, and both parties will continue negotiating toward a more permanent deal.
The president celebrated the deal in a Truth Social post.
“Congratulations to all! I hereby fully authorize the toll-free opening of the Strait of Hormuz, and, simultaneously herewith, authorize the immediate removal of the United States Naval blockade,” he wrote. “Ships of the World, start your engines. Let the oil flow!”
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V. Saxena is a staff writer with a decade of experience as a professional writer, and a lifetime of experience as an avid news junkie. He holds a degree in computer technology from Purdue University. Saxena also contributes to BizPac Review.
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