Iran live updates: Trump calls GOP backers of war powers resolution 'grandstanders'

President Donald Trump told ABC News he thinks he will have an agreement with Iran to extend the ceasefire and reopen the Strait of Hormuz "over the next week."

"Looking good, looking good," he told ABC News' chief Washington correspondent Jonathan Karl in a telephone conversation on Monday.

"There was a little glitch today, but I turned that one around very quickly, as you probably noticed earlier," Trump said.

The glitch, according to the president, was that the Iranians were upset about Israel's attacks on Lebanon.

"So, I spoke with Hezbollah, and I said no shooting, and I talked to Bibi (Israeli Prime Minister Benjamin Netanyahu), and said, no shooting, and they both stopped shooting each other," Trump said.

Trump said a peace agreement with Iran could be "even better than a military victory."

"It's not a simple thing," he said. "You're talking about a real large country -- them -- very large country making a deal. Tremendous hostility, really."

He continued, "So it's not an easy thing for them. It's actually not easy from our standpoint either. But we're getting what we need to get."

As for when the memorandum of understanding to reopen the strait will be completed and agreed to, Trump said, "I think you're talking about over the next week."

He said he has not agreed to it yet because "I still have to get a few more points."

In a quick about-face, President Donald Trump said in a social media post that talks with Iran are "continuing" at a "rapid pace."

This comes after Iran announced earlier in the day that communications with the U.S. were stopped because of Israel's aggression in Lebanon. Iran has not commented or confirmed whether talks have resumed.

When asked about Iran's decision to cease communications with the U.S., President Donald Trump told CNBC, "I really don't care. I couldn't care less."

The president also reportedly told CNBC that he is "going to ask" Israeli Prime Minister Benjamin Netanyahu "what's going on with Lebanon." This comes after Netanyahu called for strikes in Beirut to resume.

President Donald Trump reacted to Monday morning's news that Iran was stopping communications with the U.S. for negotiations for a peace deal, saying in a phone interview that Iran hadn't informed the U.S.

"It's an appropriate thing to say, because they're better negotiators than they are fighters. But they haven't informed us of that," Trump said when asked about Iran's decision to cease messaging, according to NBC News.

The president did indicate that the U.S. would not resume hostility but would go through with the blockade and "go silent" on Iran.

"It doesn't mean we're going to go and start dropping bombs all over there. We'll just go silent. We'll keep the blockade. Blockade is a piece of steel," Trump said, according to a post by the NBC reporter.