Donald Trump warned the U.S. will completely obliterate all of Iran's electric generating plants, oil wells and Kharg Island if a peace deal is not reached.

While issuing the new threat, Trump claimed that “great progress” has been made in peace talks with Iran, despite Tehran’s dismissing his 15-point plan as “excessive.”

Trump said if the strategic Hormuz Strait is not immediately reopened, the U.S. would broaden its offensive.