Iran live updates: Trump says he's in 'no hurry' to make a peace deal with Iran

President Donald Trump said he was in "no hurry" to finalize a peace deal with Iran, 12 weeks into the war, while speaking with reporters on Wednesday.

Trump suggested he would not consider making a "limited deal" with Iran that is just focused on reopening the Strait of Hormuz.

"We're going to give this one shot," Trump said about a peace deal, ruling out the idea of a partial compromise.

"I'm in no hurry. You never think, 'Oh, the midterms, I'm in a hurry.' I'm in no hurry," he said.

Trump was also asked if he thought it was taking longer than he expected it would to make a deal with Iran and he responded by comparing this war to other wars.

"You were in Vietnam 19 years. You were in Afghanistan, and these other places, 10 years. You were in Iraq. How long were you in Iraq? 12 years. You were in Korea for seven years. World War II is different -- that was four years. I'm in for three months, and much of it's been (a) ceasefire," Trump said.

Iranian Foreign Minister Abbas Araghchi said in a post to social media on Tuesday that Tehran is preparing new military capabilities in the event that war with the U.S. and Israel resumes.

"With lessons learned and knowledge we gained, return to war will feature many more surprises," Araghchi said, referring to the first round of fighting which began with joint U.S.-Israeli strikes on Iran on Feb. 28.

An Israeli military official told ABC News on Wednesday that the country is "monitoring closely the talks between the U.S. and Iran."

The Israel Defense Forces, the official said, "is in constant contact with our U.S. counterparts. The IDF has various operational plans and we are prepared for all scenarios."

The Senate advanced legislation Tuesday that seeks to force President Donald Trump to withdraw from the Iran war, as a growing number of Republicans defied the president's wishes.

Since Trump ordered the attack on Iran at the end of February, Democrats have forced repeated votes on war powers resolutions that would require him to either gain congressional approval for the war or withdraw troops. Republicans had been able to muster the votes to reject those proposals, but Louisiana Sen. Bill Cassidy - fresh off a primary election loss in which Trump endorsed his opponent - switched sides to deliver a crucial vote to pass the legislation.