US President Donald Trump has said he believes there is a “good chance” of making a deal with Iran on Monday, ahead of his deadline for Tehran to reopen the Strait of Hormuz or face heavy bombing, reports AFP.

“I think there is a good chance tomorrow, they are negotiating now,” the president told a Fox News journalist.

“If they don’t make a deal and fast, I’m considering blowing everything up and taking over the oil,” he added.