President Donald Trump denied that Iran has economic leverage over the United States as the two nations continue to negotiate a broader deal to end Tehran’s nuclear ambitions for good.

Trump was asked during a White House event on Monday about the ongoing peace talks led by Vice President JD Vance and whether Iran, a major oil state, could exert control over the global economy as a bargaining chip. The president said that Iran was not in a position to wield such leverage and accused the press of lending Tehran favorable coverage throughout the conflict.