New Delhi, June 17 -- US President Donald Trump on Wednesday dismissed reports that a $300 billion fund would be established as part of a future agreement between Washington and Tehran, rejecting claims that the United States would contribute to or invest in such an initiative.

Speaking to reporters during a meeting with Egyptian President Abdel Fattah El-Sisi, Trump flatly denied the reports that have circulated following disclosures about a proposed US-Iran memorandum of understanding.

"No, it's false . We are not investing . People can decide to do that, but it's up to them . We do not have a fund," Trump said.

His remarks came a day after Reuters reported, citing sources familiar with the negotiations, that the emerging $300 billio...