Trump says Iran sanctions fully effective, warns of continued pressure if oil prices stay high

US President Donald Trump said the sanctions imposed on Iran have been "100% successful," stressing that no ships have been able to enter Iranian territory, according to his statements.

Trump added that the next phase will depend on the results, explaining that the first scenario would be achieving a "very good" outcome leading to a sharp drop in oil prices, while if that does not happen, current measures will continue.

The US president noted that earlier forecasts suggested oil prices could reach $350 per barrel, while the current price, according to him, is about $84 or $85 per barrel.

Trump also confirmed that the United States is releasing large quantities of oil, saying this helps influence price levels in global markets.