Breaking News: Islamabad negotiations end without a deal – as it happened. US vice-president says Iran chose not to accept American terms for a deal, including to not build nuclear weapons….see more

“Regardless of what happens, we win,” Trump said. “Whether we make a deal or not, makes no difference to me.”

When asked about the prospect of unfreezing Iran’s assets, the president said: “We’ve defeated them militarily. They’ve dropped a couple of water mines … We’ve defeated all of their water boats, too.”

“We’ve totally defeated that country and so let’s see what happens,” Trump added. “Maybe they make a deal, maybe they don’t, it doesn’t matter. From the standpoint of America, we win.”

Earlier, the Iranian negotiators demanded a ceasefire in Lebanon, reparations and commitment to unblock frozen assets as part of a peace deal in a preliminary meeting with Pakistani mediators, led by Pakistani prime minister Shehbaz Sharif.