Trump Says U.S.-Iran Deal Includes $300 Billion Fund but No Direct Payment

President Trump stated on June 19, 2026, that there is no $300 billion payment to Iran by the United States. " The memorandum of understanding between the United States and Iran includes a plan for a $300 billion fund for Iran's reconstruction and economic development.

The document also states that Iran will arrange safe passage for commercial vessels at no charge for 60 days and that the United States will lift its blockade of the Strait of Hormuz entirely within 30 days.

Trump said on June 16 that he will release the full text of the memorandum after the signing ceremony scheduled for June 19. He stated that mine-clearing operations in the Strait of Hormuz will begin after the signing and estimated those operations will take 40 to 50 days.

On June 15 the IRGC Navy said it had issued no transit permits in the prior 96 hours and that the strait remained closed to all vessels.

Trump said on the same day that some vessels had begun transiting via the southern highway. " He also said, "The current Iranian leadership are very rational people. " Accounts differ on the contents and implications of the memorandum.

One report states that the MOU includes provisions for a $300 billion reconstruction fund for Iran and immediate oil sales by Iran. Another report states that the MOU conditions benefits on Iranian performance and does not grant immediate concessions.