Speaking at a news conference in Florida, the US president also said he will waive some sanctions on oil to ensure an adequate supply and lower prices.
Iran says oil blockade will continue until attacks end, Trump threatens heavier strikes
The war has already effectively shut the Strait of Hormuz, which has left tankers unable to sail for more than a week and has forced oil producers to halt pumping as storage facilities fill.
How exposed is Southeast Asia’s energy supply to the Iran war - who is most vulnerable and what’s next?
Rising tensions in the Middle East have exposed Southeast Asia’s growing reliance on imported energy and are testing the region’s economic resilience, say experts.
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Commentary: The oil pipelines that could decide the Iran war
Commentary: US war on Iran forces Japan and South Korea to confront geopolitical realities
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Commentary: Iran war has shattered the Gulf’s image as an oasis
Commentary: How the war in Iran could impact global economy, including Singapore