Donald Trump has said that the US will not invest in a $300bn fund for Iran and has not asked Gulf states to contribute, following a backlash over reports of a potential agreement to finance rebuilding of the country.
Speaking at the G7 summit in France on Wednesday, the US president said that reports that such a fund would form a central pillar of a deal struck between Washington and Tehran last weekend were “false”.
“We’re not putting up 10 cents,” Trump said, adding that “we are not investing in it and we do not have a fund”. He also denied that he had asked Gulf countries to create one.
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