(FOX NEWS) — President Donald Trump said Wednesday that Iran is “negotiating on fumes,” accusing Tehran of abusing its long running strategy of delay tactics to “outwait” him on denuclearization.

“Iran is very much intent, they want very much to make a deal – so far they haven’t gotten there,” Trump said at the start of the Wednesday’s monthly Cabinet meeting.

“We’re not satisfied with it: Either that or we’ll have to just finish the job.”

Trump said U.S. negotiators Steve Witkoff and Jared Kushner are “doing a good job,” but argued Iran has little leverage after recent military losses.

“Their Navy has gone, as I’ve said a thousand times, and Navy is gone, their air force is gone, everything’s gone, and they’re negotiating on fumes,” Trump added. “Maybe we have to go back and finish it. Maybe we don’t.”

Trump also said Iran’s economy is in “free fall” and claimed the regime believed it could wait him out until the midterms.

“They thought they were going to outwait me,” Trump said. “I don’t care about the midterms.

“Very simple. Iran cannot have a nuclear weapon. I’m doing that for the world. I’m not doing it just for us.”