WASHINGTON (TNND) — U.S. President Donald Trump said on Saturday that Iran, which he said is “losing so badly” in the war against the U.S., wants to strike a deal to reopen the Strait of Hormuz “because they’re dying.”

“I’ve rejected their deal,” Trump said after Iran proposed a temporary ceasefire in exchange for reopening the strait. “They want to make a deal where they open the strait immediately because they’re losing so badly.”

“We’re winning tremendously. We have total control of the Hormuz Strait, massive amounts of oil are coming out of the Hormuz Strait,” Trump said.

“And what they want to do is immediately open the Hormuz Strait. You know why? Because they’re dying,” Trump added. “You know why they’re dying? Because they have no money coming in. Because they get their money from the Hormuz Strait. So they outsmarted themselves. They said, ‘let’s close it and cause a problem for the world.’ And then I came along and we put up the greatest blockade ever in military history. It’s a wall of steel.”