Trump says Iran could face 'very Draconian sanctions'

What happened?

1. Trump said: "We have things that we could sanction. We have very Draconian sanctions, and we'll see what happens."
2. Trump said the Strait of Hormuz is open and that "a lot of boats" are coming through.
3. According to the reports, Trump claimed that a US naval blockade targeting Iran had stopped vessels from reaching the country, and he offered no supporting numbers.
4. Trump said the operation had seen short pauses tied to an agreement, and he accused Iran of not doing what it had pledged.
5. Trump said oil was "$84 or $85" a barrel, against earlier talk of $350, and attributed the outcome in part to increased US energy production and alternative supply infrastructure.

US President Donald Trump said at the White House that Iran could face "very Draconian sanctions," adding "we'll see what happens" when asked about possible new measures against Tehran. Trump additionally minimized how much the Strait of Hormuz will matter later, stating that greater US energy output and additional supply routes had lowered the world's reliance on that waterway.

A machine summary written from the reports listed below; read them for the full account. How summaries are made and what is checked.