(FOX NEWS) — President Donald Trump said Wednesday that negotiations with Iran have made significant progress, pointing to “very good talks over the last 24 hours” and suggesting a deal could be close.

“They want to make a deal badly,” Trump said, adding that “it’s very possible that we’ll make a deal.”

At the same time, Trump framed the U.S. position as one of overwhelming strength, arguing that Iran’s military has been largely destroyed. “I think we won now,” he said, claiming it would take Iran “20 years to rebuild.”

Trump reiterated that the core demand remains unchanged: “They can’t have nuclear weapons. It’s very simple,” adding that Iran has “agreed to that, among other things.”

The president also warned that diplomacy has limits. “If we don’t get what we have to get, we’ll have to go a big step further,” he said.

The comments come as the administration pauses some operations in the Strait of Hormuz while maintaining pressure on Iran.