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Amid demands for a US-backed reconstruction fund, President Donald Trump has said he has "no obligation" to invest in Iran.
The United States has "no obligation" to invest in Iran even after its deal with the country, Trump said on Tuesday, according to AFP.
In remarks after meeting Qatari Emir Tamim bin Hamad al Thani on the sidelines of the G-7 Summit in France, Trump said that "we are not investing any money" in Iran. He added that the main focus of the deal was that Iran would not acquire a nuclear weapon and that "all hell" would "rain down" on the country if it did.
The remarks come a day after Trump announced reaching a deal with Iran. The administration later clarified that he signed the deal digitally, and Vice President JD Vance will travel to Geneva on Friday for the physical signing of the deal.
The remarks appear to be an apparent reaction to the Iranian demand of a reconstruction fund of up to $300 billion.
The 14-page memorandum of understanding (MoU) published by Iran says that the United States and its allies are required to "present reconstruction plans for Iran worth at least $300 billion". Trump and his loyalists have maintained that the United States will not pay Iran anything as part of the deal.
The plan also calls for the release of at least $12 billion of the $24 billion in frozen Iranian assets before the beginning of the 60-day negotiations to reach a final deal to end the war and address the issue of the Iranian nuclear programme.
Instead of paying Iran anything, Trump has instead suggested that he could resume the war if Iran does not agree to his demands, take over the Strait of Hormuz, and charge 20 per cent of all West Asian revenues as commission for passage.
Iran has confirmed that the final round of talks will start in Geneva on Friday to reach a nuclear deal and finally end the war.
The United States has "no obligation" to invest in Iran even after its deal with the country, Trump said on Tuesday, according to AFP.
In remarks after meeting Qatari Emir Tamim bin Hamad al Thani on the sidelines of the G-7 Summit in France, Trump said that "we are not investing any money" in Iran. He added that the main focus of the deal was that Iran would not acquire a nuclear weapon and that "all hell" would "rain down" on the country if it did.
The remarks come a day after Trump announced reaching a deal with Iran. The administration later clarified that he signed the deal digitally, and Vice President JD Vance will travel to Geneva on Friday for the physical signing of the deal.
The remarks appear to be an apparent reaction to the Iranian demand of a reconstruction fund of up to $300 billion.
The 14-page memorandum of understanding (MoU) published by Iran says that the United States and its allies are required to "present reconstruction plans for Iran worth at least $300 billion". Trump and his loyalists have maintained that the United States will not pay Iran anything as part of the deal.
The plan also calls for the release of at least $12 billion of the $24 billion in frozen Iranian assets before the beginning of the 60-day negotiations to reach a final deal to end the war and address the issue of the Iranian nuclear programme.
Instead of paying Iran anything, Trump has instead suggested that he could resume the war if Iran does not agree to his demands, take over the Strait of Hormuz, and charge 20 per cent of all West Asian revenues as commission for passage.
Iran has confirmed that the final round of talks will start in Geneva on Friday to reach a nuclear deal and finally end the war.
