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A frantic President Donald Trump insisted Wednesday that the U.S. maintains control of the Strait of Hormuz even as transit hit record record lows and peace talks stalled, reports show.

“The U.S.A. has total control over the Strait of Hormuz," wrote Trump on Truth Social. "I THINK WE WILL KEEP IT! Our Naval Blockade is being called, by everyone, ‘A WALL OF STEEL,’ and there is nothing Iran can do about it."

This boast arrived as problems mount in ceasefire talks with Iran, multiple reports show.

"Diplomatic efforts to end the conflict and fully re-open the strait have continued to stall," Al Jazeera reported. "Iran has continued to assert its influence over the strait as it has pursued talks with Oman on future management. Wider peace talks with the US have been largely paused amid the Iran-Oman talks, which do not include Washington."

What's more, multiple news outlets report just eight vessels passed through the strait this week, compared to pre-war 130 ships a day.

Nonetheless, on Truth Social, the president claimed things could not be better.

“They have no Navy, they have no Air Force, their remaining soldiers are unpaid, the IRGC is decimated and fleeing, and their ‘Leadership’ is uncertain, at best!” he continued, “They have No Money - Their country is ‘shot.’”

Trump also claimed Iran has a problem currently plaguing his own nation.

“All they have is FAKE NEWS and 300% INFLATION, and getting worse! Iran is all talk and no action, the Bully of the Middle East No Longer," he wrote. "Praise be to Allah!”