US President Donald Trump said he faces a “big decision” over Iran and suggested that a deal with Tehran could be reached after the US midterm elections.

Axar.az reports, citing CNN, that during his address to the UN General Assembly, Trump said he believed a deal could be reached after the midterm elections, arguing that Iran was waiting to see how he performs in the elections.

“I have a big decision to make,” Trump said, outlining two possibilities: reaching a deal that would allow Iran to rebuild or taking military action to “annihilate the Islamic Republic.”

“Will a deal be made with Iran that lets them rebuild and create a far greater country than it ever was before, maybe one of the greatest in the Middle East or even the world? Or do I annihilate the Islamic Republic and do it quickly, never giving them a chance to kill and destroy people and countries again? Do I drive them into hell with no chance of survival and no hope of future greatness or generations?” Trump stated.

“What they don’t realize is that I’m not running,” Trump said.

Trump also said the US Navy had escorted more than 1 billion barrels of oil through the Strait of Hormuz and called for continued pressure on Iran.