Washington, April 30 -- US President Donald Trump on Thursday warned Iran to agree to terms on a nuclear deal, or the United States would continue increasing economic pressure by extending the naval blockade of its ports, thereby squeezing Tehran's oil exports.

Trump reiterated that there would "never be a deal" with Iran if it continues pursuing nuclear weapons, while Iran has insisted that its nuclear program is for civilian purposes.

As Trump and his national security team discuss Iran's latest proposal, under which Tehran has suggested reopening the Strait of Hormuz and lifting the blockade first while postponing nuclear negotiations, the standoff continues.

Trump's decision to continue the blockade has pushed Brent crude, the global...