Is Iran getting $300B? Trump calls claims ‘fake news’ as Vance explains Gulf fund

US President Donald Trump has dismissed the widely circulating claims regarding Iran receiving $300 billion funds for reconstruction.

On Monday, Trump took to Truth Social post and denied payout claims, stating, “the US is paying Iran 300 million Dollars is Fake News."

Despite his citation of “300 million,” it remained unclear if he was contradicting the “300 billion” figure reported by other officials and international media.

On the other hand, Vice President JD Vance laid out the details of the Gulf-backed fund. According to Vance, Iran could eventually gain access to a $300 billion reconstruction package under a deal with President Trump.

Explaining the source of money, Vance emphasized that “Not a single dime of that money comes from the United States,” adding that Tehran would have to meet strict nuclear-related conditions to gain the access to money.

Gulf regional allies would provide funding if they show a strong interest in averting future conflicts and instability in the Middle East.

"We've offered them a path toward economic growth and integration with the world economy if they're willing to give up their nuclear weapons program," Vance said.

Another senior official clarified that the multi-billion dollar fund deal was part “of diplomatic discussions and all financial progress is strictly tied to performance.”

As per the reports of Financial Time, the establishment of the fund is hinged on a final deal settlement, due to be signed on Friday, including the full reopening of the Strait of Hormuz. The flow of capital would be managed through a framework rather than direct government-to-government aid.