US-Iran war: Trump explains why Tehran deal is taking time, says Hormuz blockade costs Iran $500M a day
- Posted on June 7, 2026
- By Business News Today
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- 1 min read
US-Iran war: Trump explains why Tehran deal is taking time, says Hormuz blockade costs Iran $500M a day
US President Donald Trump believes a new Iran deal will take time. He defends his negotiation strategy and sees no immediate troop withdrawal from the region. Trump stated Iran must change its long-standing positions. Public opinion favors a swift agreement to end the conflict. Trump also criticized the Obama-era nuclear deal.
