President Trump said his decision not to escalate the war in Iran over the weekend was Iran’s "last chance" to make a deal. He also said he called off attacks because Gulf allies asked him to do so. Threatening new strikes and then calling them off is something Trump has done many times. Nick Schifrin discussed the latest with Dania Thafer, executive director of the Gulf International Forum. Notice: Transcripts are machine and human generated and lightly edited for accuracy. They may contain errors.

Amna Nawaz:

Today, President Trump said his decision not to escalate the war in Iran over the weekend was Iran's -- quote -- "last chance" to make a deal. He said he called off large-scale strikes because countries in the Gulf asked him to do so.This threatening of new strikes and then calling them off is something the president has done many times over the past few months.Our Nick Schifrin has more.

Nick Schifrin:

Today on the Strait of Hormuz, it is deja vu. Once again, ships sit stranded. And, once again, the commander in chief cancels plans to escalate.