Addressing reporters during a bilateral meeting with the President of Egypt, Trump called the reports of the U.S. investing in Iran via a $300 billion fund set up by Gulf allies “false.”
- Trump added that he can attack Iran again if he does not like the outcome of the ongoing talks with the country.
- He also said that the current agreement with Iran is a memorandum of understanding, and that it’s not final yet.
- The U.S. President also said that he believes that there is a 99.99% chance that Iran will not have a nuclear weapon.
President Donald Trump on Wednesday said that the U.S. is not investing 10 cents in Iran amid reports that a $300 billion fund has been set up to make investments in the country.
Addressing reporters during a bilateral meeting with the President of Egypt, Trump called the reports of the U.S. investing in Iran via a $300 billion fund set up by Gulf allies “false.”
“You can invest if you want. I mean, what am I going to do? Say nobody’s ever allowed to invest? No. We’re not investing, we’re not putting up 10 cents. People can decide to do that, but that’s up to them,” he said.
Trump also added that the U.S. is not asking Gulf countries to invest in Iran either, while saying that it’s fine if they do it.
“But I would say they won’t be doing it for a while until they find out the behavior. It’s a behavior thing,” he added, referring to how Iran responds in the future.
Trump Says He Can Attack Iran Again
Trump added that he can attack Iran again if he does not like the outcome of the ongoing talks with the country. He believes that there is a 99.99% chance that Iran will not have a nuclear weapon.
Trump also said that the current agreement with Iran is a memorandum of understanding, and that it’s not final yet.
“If I don’t like it, we’ll go back to shooting at them, dropping bombs on their head. If I don’t like it, if they don’t behave, we’ll go right back to dropping bombs right smack in the middle of their head,” Trump said, while adding that Iran has misbehaved for 47 years.
As for the current deal with Iran, Trump said the markets are very happy with it, with the Dow Jones Industrial Average (DJIA) having gained over 2,000 points in the last five trading sessions and U.S. West Texas Intermediate (WTI) crude oil prices falling from nearly $88 a barrel to about $77 now.
The United States Oil Fund ETF (USO) and the ProShares Ultra Bloomberg Crude Oil ETF (UCO) declined about 0.3%.
“It’s a very strong deal. Nobody knows what it is, but it’s very strong and most people seem to be very happy,” he said.
At the time of writing, the SPDR S&P 500 ETF (SPY), which tracks the S&P 500 index, edged up by 0.07%; the Invesco QQQ Trust ETF (QQQ) gained 0.5%; and the SPDR Dow Jones Industrial Average ETF Trust (DIA) edged lower by 0.01%. Retail sentiment on Stocktwits regarding the S&P 500 ETF was in the ‘bullish’ territory.
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