In an interview with Axios, President Donald Trump rejects assertions that his power is constrained, saying his authority has “no limits.” He defends the U.S. approach to Iran, arguing that the negotiations were intended to prevent a broader conflict that could have led to a “global depression.”

Multiple outlets report that Trump characterizes the terms of the U.S.-Iran arrangement in forceful terms, describing it as effectively amounting to an “unconditional surrender,” though at least one account notes the agreement is framed as a memorandum rather than a formal unconditional surrender. One report adds that the arrangement would open financial room for Tehran, estimating access to up to $300 billion.

Trump also responds to criticism by arguing that the handling of the Iran situation demonstrates U.S. strength rather than weakness or limits on presidential power. He warns that continued fighting could have had wider economic consequences.