Trump to 'be thinking' about red line in Iran ceasefire

(The Center Square) - President Donald Trump said he will "be thinking" about a potential red line in the ceasefire between the U.S. and Iran as he departed to China on Tuesday. 

Trump told The Center Square's Sarah Roderick-Fitch that he will "be thinking" about his limits on a ceasefire with Iran as he got on a flight to visit Chinese President Xi Jinping. 

"We'll be thinking about it on the flight," Trump said. "We'll be thinking about it for the next little while." 

Trump said the United States has beaten the Iranian military "very soundly" and the blockade in the Strait of Hormuz has been "very effective." 

"One way or the other, it's going to work out very well," Trump said. "You're going to have so much oil, you're going to have a gusher of oil."

Trump also reiterated his commitment to preventing Iran from obtaining a nuclear weapon. Trump's Tuesday's comments came after he said on Monday that the ceasefire with Iran was "on life support." 

He said Iran's proposal of a peace deal over the weekend was "a piece of garbage" and "totally unacceptable."

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The peace deal reportedly failed to include the cessation of Iran's nuclear weapons production and to end the disarmament of its proxies, including Hezbollah. 

He also said inflation would go down once the conflict in Iran ended, but did not give a timeline for its end. 

The U.S. Bureau of Labor Statistics reported on Tuesday inflation at 3.8% in April, the highest rate in the last three years. 

"As soon as this war is over, which will not be long, you're going to see oil prices drop," Trump said. 

He said ships are currently in the Strait of Hormuz waiting to be sent around the world. 

"As soon as they come out, you're going to have a gusher of oil, and you're going to have ifnlation come way down," Trump said.