Now we will see if Iran lives up to their end of the deal. --- WHAT TO KNOW --- The Trump administration revealed in full the memorandum of understanding between the U.S. Iran on Wednesday The deal refutes reports that the U.S. would be offering Iran $300 billion, making clear that U.S. would instead permit outside investment into Iran if it adhered to the memorandum of understanding President Donald Trump earlier slammed a "false story" about a $300 investment fund for Iran, saying the U.S. is "not investing 10 cents." Speaking to reporters at the G-7 summit in France, Trump said he has not asked Arab allies to invest in any such fund. He warned Iran that the memorandum of understanding is not final and "if they don't behave, we'll go right back to dropping bombs right smack in the middle of their head." Trump said the Strait of Hormuz would be open "in full" in the "next day or two," noting how oil prices are "tumbling down." He said the "alternative would be a worldwide depression." Crude oil prices have plummeted since the U.S. and Iran announced a ceasefire framework on Monday, falling below $80 per barrel for the first time since March.
