Live Updates: Trump says “we don’t need a deal with Iran,” as Tehran sticks to its demands

Updated on: November 12, 2026 / 9:08 AM EST / CBS News

President Trump said Thursday that the United States doesn't need a peace deal with Iran, claiming the U.S. holds Tehran's money, possibly referring to frozen financial assets, and that the U.S. has control over the Strait of Hormuz.

"Those days have long since passed," the president wrote on Truth Social of the prospects for a peace deal. "We've got their money, Hundreds of Billions of Dollars, and we've got their Strait!"

His remarks, offered without further context in a post that was largely about U.S. politics, came after he renewed his assertion Wednesday that the U.S. had already "won" the war, and it was "just a question of when we want to end it.

Iran has refused to enter into negotiations on contentious issues including its nuclear program until and unless the U.S. meets seven key demands, which the Trump administration has dismissed as "unacceptable."

While major combat ended over the summer, Iran continues attacking ships in the Strait of Hormuz, keeping pressure on global energy markets, and it claims it has rebuilt its military and defense industrial capacities during the ongoing stalemate in the war.

The United…

Original source: https://www.cbsnews.com/entertainment/