Financial Wire

Trump Says US Blockade to Remain Until Deal

-- US President Donald Trump on Monday reiterated on Truth Social that the US blockade would remain in force until a deal is reached and that Iran was forcing vessels toward the US for oil.

"The Iranian leadership has forced hundreds of ships toward the United States, mostly Texas, Louisiana, and Alaska, to get their oil," Trump posted.

In multiple posts on Truth Social, Trump said that the blockade would not be lifted until there is a deal, claiming that Iran was losing $500 million per day, describing the loss as "unsustainable."

Regarding the military effort, Trump said, "things are going very well," and that the US was winning the war "by a lot."

He posted that he was facing "no pressure" on Iran talks and said the potential agreement would be "far better" than the Joint Comprehensive Plan of Action, also known as the Iran nuclear deal, criticizing the prior deal as one of the worst arrangements for US national security.

In another post on Truth Social, Trump said that Democrats are attempting to undermine the US position in negotiations with Iran, while insisting he will not rush into an unfavorable agreement.

"I'm not going to let them rush the United States into making a deal that is not as good as it could have been," Trump said, rejecting claims of urgency.

He dismissed media reports and added that talks could conclude "relatively quickly," while maintaining he is focused on securing stronger terms than previous agreements.

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