President Donald Trump said the war against Iran is necessary because “we cannot let lunatics have a nuclear weapon.” He also said he expected more severe economic fallout but said he had to do “what's right.

President Trump’s predictions of a relatively short-term conflict with minimal economic consequences appear to be crumbling.

President Trump told reporters Saturday he is reviewing a new 14-point peace proposal that was submitted by Iran.

President Donald Trump's assertion comes despite the ongoing naval blockade. Iran views the move as a ceasefire violation.

By Parisa Hafezi and Jacob Bogage WEST PALM BEACH, Florida/DUBAI, May 3 (Reuters) - U.S. President Donald Trump said on Saturday he had been told about the concept of a deal with Iran, but was waiting for the exact wording,

The Trump administration is arguing that the war in Iran has already ended because of the ceasefire that began in early April.

U.S. forces now claim to have redirected 45 ships and frozen $6 billion in Iranian oil revenue.

President Donald Trump on Friday sent letters to Congress explaining that, due to the ceasefire, he doesn't need its authorization for military operations in Iran, even though the conflict hit the 60-day mark this week.

Trump said he was not satisfied ​with the latest Iranian proposal. Iran's foreign minister said Tehran was ready for diplomacy if U.S. changes its approach.