Washington DC, April 30 -- US President Donald Trump on Wednesday described the ongoing US naval blockade against Iran as "genius," asserting that Tehran would have to concede defeat while ruling out any agreement unless it abandons its nuclear ambitions.

"The blockade is genius. The blockade has been 100% foolproof. It shows how good our Navy is, I can tell you that. Nobody's going to play games. We have the greatest military in the world and I built much of it during my first term and we've been building it since and the greatest anywhere in the world, nobody even close," Trump said.

He further added, "Whether it's Venezuela, they had a good military in Venezuela, but it was over in one day, it was actually over in about 48 minutes. I...