U.S. President Donald Trump said Iran is ready to make a deal to end the war but the U.S. wants better terms, signaling no let up in a conflict that¡¯s brought shipping in the strategic Strait of Hormuz to a near standstill and upended energy markets.

Iranian Foreign Minister Abbas Araghchi said the Islamic Republic is open to "any regional initiative that leads to a fair end to the war,¡± according to an interview published by the U.K.-based Al-Araby Al-Jadeed news website on Sunday. He added that no specific proposal has yet been presented.

"Iran wants to make a deal, and I don¡¯t want to make it because the terms aren¡¯t good enough yet,¡± Trump told NBC on Saturday, saying that a "very solid¡± agreement would have to include a commitment by Tehran to abandon nuclear ambitions. He gave no further details on any negotiations and it¡¯s not clear who, if anyone, is conveying messages between the U.S. and Iran.