French President Emmanuel Macron and his wife Brigitte Macron walk with U.S. President Donald Trump during the G7 Summit at Hotel Royal Evian on June 15, 2026 in Evian-les-Bains, France.
Isabel Infantes | Getty Images
U.S. President Donald Trump said Tuesday that America will not invest money in Iran after a Memorandum of Understanding was agreed with Tehran.
“We are not investing any money in Iran, by the way, and with that rumor got out there yesterday was ridiculous,” he told reporters on the sidelines of the G7 summit in Evian, France. “We have the right to go in some day and do, if I want to do something, or if somebody wants to do something, but we are not investing any money.”
Leaders from the wealthy Group of Seven countries — the U.S., the U.K., France, Germany, Canada, Italy and Japan — are gathering in the Alpine town for the G7 summit, with representatives from the EU and Ukraine also among those invited to attend.
Hours before leaving the U.S. for France, Trump announced the U.S. and Iran had reached a deal to end their war in the Middle East.
In a Truth Social post on Monday evening, Trump described reports that the U.S. would pay a huge sum of money to Iran as “Fake News.”
He appeared to be referring to reports that the terms of the peace agreement could involve Washington allowing for the creation of a $300 billion investment fund for Iran. Vice President JD Vance told CBS on Monday that it was the “sort of thing they could have access to, funded by the Gulf Coast Coalition, so long as they honor their end of the obligation.”
Iran will be one of the dominant talking points at the G7 summit, along with security for Ukraine, balancing economic growth disparity, and the future of artificial intelligence.
European leaders have welcomed the agreement reached between Washington and Tehran, and will use the summit to push for clarity on the reopening of the Strait of Hormuz.
“The Strait of Hormuz must reopen, and freedom of navigation must be restored — toll-free,” European Commission President Ursula von der Leyen said in a statement on Monday, calling for a ceasefire in Lebanon to also be brokered.
“This crisis also carries a clear lesson,” she added. “Once again, we have seen our energy dependency being weaponized. We will discuss how to reduce our dependence on transit through the Strait.”
Last year’s G7 summit in Kananaskis, Canada, saw Trump depart early to handle rising tensions with Iran. At the time, Israel and Iran were at war — a conflict that lasted 12 days and came to an end shortly after the 2025 G7 summit.
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