Exclusive: Trump says Iran is ready to make a deal but ‘the terms aren’t good enough yet’

Good Sunday morning. With the war in Iran entering its third week, President Trump told me in a phone interview Saturday that Iran has been defeated militarily. He also said Tehran is ready to make a deal, but the terms aren't good enough yet, declining to say what those terms are. The president added that he is hearing the new supreme leader is dead, but did not provide evidence. And all eyes are on the Strait of Hormuz, one of the world's most vital shipping lanes for oil. Iran has all but shut it down, pushing oil prices over $100 a barrel. The president telling me the U.S. is working with other countries to try to secure the Strait, while acknowledging Iran could still make trouble by dropping mines to try to blow up ships in transit. With Iran vowing to keep the Strait effectively closed, President Trump ordered strikes Friday on Iran's Karg Island, Iran's main oil hub. The president telling me Karg Island has been decimated, though he may hit it again, quote, just for fun. He said he does not expect to send U.S. troops onto the island to secure the oil. Now, so far, the conflict has claimed the lives of 13 service members. With Americans worried about rising prices at the pump, President Trump told me gas prices will drop precipitously as soon as the war is over, reiterating his message earlier this week in Kentucky. But oil prices are already coming back down, and it's going to come down, but we're not leaving until that job is finished, and it's going to be very fast, going to be very fast.