The president of USADonald Trump, rejected this Monday that his Government is going to pay US$300 million to Iran as part of the agreement that Washington and Tehran are negotiating to end the conflict and reopen the Strait of Hormuza key step for global oil trade.
Trump made the statement on his Truth Social account, after Iranian media spread versions about an alleged payment included in the agreement. The president assured that this information is part of a “fake news” campaign and denied that the pact contemplates a transfer of money to the Islamic Republic.
The version about the possible payment arose in the midst of negotiations between Washington and Tehranincluding discussions about sanctions relief and Iran’s access to frozen assets abroad. According to a senior Trump Administration official, the text of the agreement could be released in the next 24 to 48 hours.
Agreement seeks to reopen Hormuz
The pact between the United States and Iran contemplates the reopening of Strait of Hormuzthrough which nearly 20% of the world’s oil and gas transits. The closure of that sea route caused disruptions in the global energy market and put pressure on crude oil prices.
Pakistan has acted as a mediator between both countries. According to the information available, technical negotiations to implement the memorandum of understanding will begin this week and the official signing is scheduled for Friday, June 19 in Switzerland.
“Iran has agreed to never have a Nuclear Weapon! Also, the story that the US is paying Iran 300 million Dollars is Fake News, put out by the Dumocrats!!!” -President Donald J. Trump pic.twitter.com/Y9N9QWUqKm
— The White House (@WhiteHouse) June 15, 2026
Negotiation maintains pending points
Although Trump announced progress on the agreement, all the details of the memorandum are not yet known. Among the pending points are the extent of sanctions relief, Iran’s access to blocked funds and commitments related to its nuclear program.
Iran has maintained that its nuclear program is for peaceful purposes, while the United States seeks guarantees to prevent Tehran from developing nuclear weapons. The publication of the official text will be key to confirming what commitments each party will assume.
Markets react to possible pact
The announcement of the agreement reduced tension in international markets. The price of oil fell this Monday, while the stock markets of the United States, Europe and Asia closed with gains in the face of expectation of a reopening of the Strait of Hormuz and a decrease in military risk in the Middle East.
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