US-Iran deal: US President Donald Trump Friday asserted that Iran will not receive any financial relief, “not ten cents”, under the 14-point Memorandum of Understanding (MoU) he electronically signed with his Iranian counterpart Masoud Pezeshkian two days ago, even though the agreement clearly provides for a $300 billion US-backed reconstruction program for the Islamic Republic.
Trump says Iran won’t get any money
In a Truth Social post, Trump claimed the US-Iran deal did not stem from US vulnerability, but rather from Iranian necessity, reiterating his claim that Iran’s military was “finished”. “We didn’t meet out of desperation, Iran did. They are FINISHED! We’ll play out the 60 days. They get no money, not ten cents!,” he wrote.
In another post, Trump claimed that the conflict has “diminished” Iran to the point where it no longer has a functional Air Force, Navy, radar systems, or anti-aircraft equipment.
Rebutting criticism from the Democratic Party that Iran is in a stronger position today than it was four months ago when the Iran war erupted, Trump asserted that the Democrats are “stupid”, and uninformed about ground realities
“The War has diminished Iran! It doesn’t, any longer, have an Air Force, a Navy, Antiaircraft Equipment, Radar, or practically anything else, and yet the Dumocrats say that Iran is better off now than it was four months ago. Can you imagine getting away with that??? How stupid can some people be???,” Trump claimed.
US-Iran talks postponed
The US president’s remarks come after the Swiss Foreign Ministry on Thursday (local time) confirmed that the planned talks between the United States and Iran have been postponed.
“The planned talks between the US, Iran, Qatar and Pakistan have been postponed. Switzerland remains ready to facilitate these talks. The relevant preparatory work at Burgenstock is continuing. No further information can be provided at present,” it said in a statement.
Earlier, a White House spokesperson said Vice President JD Vance will not depart for Switzerland for further talks as the plans for the talks have not been finalised, adding that a delegation has been prepared to depart at the first available opportunity.
“As the Vice President said at his press conference, the plans for the upcoming technical talks have not been finalised, and the US delegation has been prepared to depart at the first available opportunity. But the logistics of these negotiations have never been simple or predictable,” the spokesperson said.
“As of now, the Vice President is not departing tonight. We will let you know as soon as we have a concrete update about next steps. We look forward to beginning technical talks as soon as possible,” they added.
What’s included in US-Iran deal?
Donald Trump and Iranian President Masoud Pezeshkian on Wednesday virtually signed a 14-point MoU that includes an immediate and permanent cessation of military operations, including in Lebanon, and a pledge to conclude negotiations on a final deal within 60 days, extendable by mutual consent.
Under the memorandum, the United States will begin removing its naval blockade and related restrictions, while Iran will facilitate the safe passage of commercial vessels through the Strait of Hormuz free of charge for an initial 60-day period.
The document also outlines plans for the phased lifting of sanctions, the release of frozen Iranian assets, Treasury waivers for Iranian oil exports, and a US-backed reconstruction and economic development programme for Iran worth at least USD 300 billion
First published on: Jun 20, 2026 12:15 AM IST
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