US Vice President JD Vance said on Tuesday that the United States has largely achieved its military objectives against Iran and set a deadline for Tehran to respond to negotiations.

Speaking at a joint press conference with Hungarian Prime Minister Viktor Orban in Budapest, Vance said Washington would continue efforts to curb Iran's weapons production capabilities.

He warned that Tehran faces a narrowing window to enter negotiations or risk further economic hardship, indicating the conflict could end soon, depending on Tehran's response.

He added that discussions are ongoing regarding the conditions of a potential agreement, noting that Iran is attempting to create economic disruption through actions affecting the Strait of Hormuz.

Vance said the US has set a deadline of roughly 12 hours for Iran to respond, expressing hope for a "favorable answer" that would allow the resumption of oil shipments.