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17:07Now PlayingJames O'Brien reacts to 'obvious lies' told by Trump as the President claims that 'good' talks are ongoing with Iran.
Earlier on Monday, Trump posted a typo-ridden update on TruthSocial where he stated his pause will last for five days, but added that it depends on "the success of the ongoing meetings and discussions".
Over the weekend, the President laid down a 48-hour ultimatum which demanded Iran reopen the Strait or face new strikes on key energy sites.
Asked who would in charge of the passage following any deal to end the conflict, Trump said: "Maybe me, me and whoever the next ayatollah (is)."
However, the speaker of the Iranian parliament, Mohammad-Bagher Ghalibaf, also called the Trump administration's claims of talks as "fake news".
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