New Delhi, Oct. 26 -- US President Donald Trump has warned that it is "decision time" for Iran, saying Tehran must choose between striking a deal with Washington and facing renewed military action amid escalating tensions over the Strait of Hormuz.

"Make a deal or finish them off," Trump said in an interview with Fox News' Sunday Morning Futures, as he weighed pursuing a diplomatic settlement against intensifying the military campaign against Iran.

"I have a decision to make: Do I finish it off, which would be very easy to do, or do I make a deal? That's all," Trump said, adding that Washington was not willing to tolerate further delays.

Claiming that the US had gained control over the Strait of Hormuz, Trump said Iran had been left wi...