Iran is said to be exploring a bold economic pitch to U.S. President Donald Trump as part of its bid to secure a diplomatic settlement over its nuclear program and avert a possible American military strike, according to a report by the Financial Times.

The proposal under discussion would potentially open Iran’s vast oil and gas reserves to American investment, alongside opportunities in mining rights and critical minerals, the report said. The economic incentives would form part of a broader arrangement tied to resolving the long-running dispute over Iran’s nuclear program.

Officials close to negotiations told the FT that Tehran’s outreach is tailored to appeal to Trump’s reputation as a deal-maker, with the Islamic Republic prepared to offer what one source described as a “commercial bonanza” of investment opportunities in Iran’s vast oil, gas and mining sectors. 

“That incentive would be specifically directed at Trump — a major economic bonanza in oil and gas, mining rights, critical minerals and all of that,” the source said, according to the report. 

The proposed incentives come as U.S. and Iranian negotiators are preparing for another round of talks in Geneva aimed at narrowing differences over Tehran’s nuclear activities. Iran insists it has the right to enrich uranium for civilian purposes, while Washington demands Tehran halt enrichment that could produce weapons-grade material. 

Despite the reported Iranian proposal, a senior U.S. official told the Financial Times that Washington has not yet received any formal economic offer.

“This was never discussed,” the official said, adding that Trump has been clear that Iran cannot obtain a nuclear weapon or the capacity to build one.