President Donald Trump on Wednesday signaled skepticism about a potential deal with Iran, warning Tehran that the United States could “finish the job” if negotiations fail.

Speaking during a Cabinet meeting, Trump did not directly address an Iranian report that a breakthrough was imminent. The White House, however, refuted the report ahead of the Cabinet meeting.

“Iran is very much intent. They want very much to make a deal. So far, they haven’t gotten there,” Trump said. “We’re not satisfied with it. But we will be. Either that or we’ll have to just finish the job.”

Trump also touted the damage inflicted on Iran’s military capabilities during the conflict.

“Their Navy is gone, as I’ve said a thousand times. Their air force is gone. Everything’s gone, and they’re negotiating on fumes,” he said. “Maybe we have to go back and finish it.”

Under the reported proposal, Iran would restore commercial shipping through the Strait of Hormuz to prewar levels within a month, while the U.S. would withdraw forces from Iran’s vicinity and lift its naval blockade.

Iranian state TV said the framework was not finalized and excluded military vessels from the Hormuz arrangement, with Iran and Oman jointly managing commercial ship traffic through the strategic waterway. Tehran also reportedly insisted it would take no action without “tangible verification” of U.S. compliance.

The report further claimed any final agreement reached within 60 days could be formalized through a binding U.N. Security Council resolution.

But the White House flatly rejected the Iranian report, calling it “not true” and describing the alleged memorandum as “a complete fabrication.”