US Secretary of State Marco Rubio said Iran would continue to “pay a very heavy price” unless it agreed to a deal, saying the country was already suffering severe military and economic losses.

Speaking on the sidelines of the ASEAN conference in Manila, Rubio said, “They are going to continue to pay a very heavy price.”

He said Iran’s “defence industrial base has been decimated” and claimed the country was “losing radar systems and losing launchers every single night.”

Rubio added that Iran was “suffering billions of dollars in damage” and that “their economy is suffering.”

“Every time they make a deal, they either break it or they want to change the deal,” Rubio said.

“So.. they are probably not ready to make a deal because the price they are paying is very high,” he added. “They are suffering tremendously, and they are going to suffer even more.”