President Donald Trump suggested on Wednesday he might be willing to accept a smaller scale deal with Tehran that would simply open the Strait of Hormuz but potentially not address larger goals.

Watch the clip in the video player above.

Trump was asked about Iran before boarding Air Force One to fly to the U.S. Coast Guard Academy in Connecticut to deliver a commencement address. He said of such a deal, "The strait would have to open immediately."

But, he added, "I'm in no hurry."

READ MORE: Senate advances bill aimed at ending Iran war as Cassidy, after primary loss, flips to support it