U.S. President Donald Trump stated on June 16, 2026, that the United States will not invest money in Iran following a Memorandum of Understanding with Tehran. Speaking to reporters at the G7 summit in Evian, France, Trump described rumors of U.S. financial investment in Iran as 'ridiculous.' He emphasized that while the U.S. retains the right to take action in the future, there will be no current investment.
The G7 summit includes leaders from the U.S., U.K., France, Germany, Canada, Italy, and Japan, along with representatives from the EU and Ukraine. Prior to his departure for France, Trump announced a deal aimed at ending the conflict in the Middle East. He referred to reports suggesting a $300 billion investment fund for Iran as 'Fake News.'
Vice President JD Vance mentioned that funding could potentially come from the Gulf Coast Coalition, contingent on Iran fulfilling its obligations. Trump also commented on his relationship with Israeli Prime Minister Benjamin Netanyahu, expressing dissatisfaction with Israel's actions regarding Hezbollah in Lebanon.
The G7 summit is expected to address various issues, including Iran, security for Ukraine, economic disparities, and the future of artificial intelligence. European leaders are advocating for the reopening of the Strait of Hormuz and a ceasefire in Lebanon, highlighting the need to reduce energy dependency in light of recent tensions.