India, June 18 -- US President Donald Trump defended the interim peace deal he's reached with Iran amid pushback from Republican hawks at home who object to the billions of dollars set to flow Tehran's way.

According to Trump, the $300 billion envisioned for Iran in the deal is only if Tehran "does things right".

"Only if we're not doing anything. We're not putting up money. Only if they're doing things right. If they're doing things right. If people want to invest, they can invest. It's only a $300 billion fund. It's only if they're doing things right," Trump said at a press conference at the end of the G7 Summit in France.

Trump claimed that Iran had suffered damage worth a trillion dollars and that it would take "15 to 20 years" to ...