Donald Trump: "They would love to make a deal, but they're not ready to make the right deal, in…"

With the US-Iran conflict nearing six months and neither side fighting nor negotiating, Washington is preparing new economic penalties set to be unveiled by Treasury Secretary Scott Bessent, including secondary sanctions that could affect Iran’s top oil buyer, China, which purchases over 80 percent of Tehran’s exported crude, according to Kpler data. President Donald Trump said Friday that he believed Iran wanted an agreement but was not ready to accept terms he considered appropriate. Oil movement through the Strait of Hormuz has largely halted, with US military-assisted flows down to about eight million barrels a day from over 20 million before the war. Iran has denounced the planned sanctions as unlawful and allowed some Iraqi tankers through, while its president has called for diplomacy.