President Trump Donald John TrumpFederal prosecutor speaks out, says Barr 'has brought shame' on Justice Dept. Former Pence aide: White House staffers discussed Trump refusing to leave office Progressive group buys domain name of Trump's No. 1 Supreme Court pick MORE demurred Wednesday when asked if he's considering easing sanctions on Iran ahead of a possible meeting with Iranian President Hassan Rouhani, following a report he had discussed the option.

"We’ll see what happens," Trump told reporters in the Oval Office.

"I think Iran has tremendous potential," he continued. "They’re proud of their people. And we’re not looking for regime change. We hope that we can make a deal, and if we can’t make a deal, that’s fine too. But I think they have to make a deal."

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Trump's comments came about an hour after Bloomberg reported that he mulled the idea during an Oval Office meeting on Monday. Treasury Secretary Steven Mnuchin Steven Terner MnuchinThe Hill's Morning Report - Sponsored by Facebook - Republicans lawmakers rebuke Trump on election On The Money: Anxious Democrats push for vote on COVID-19 aid | Pelosi, Mnuchin ready to restart talks | Weekly jobless claims increase | Senate treads close to shutdown deadline Vulnerable Democrats tell Pelosi COVID-19 compromise 'essential' MORE was in favor of the move in an effort to rekindle talks with Iran, the news outlet reported, but it sparked pushback from former national security adviser John Bolton John BoltonJudge appears skeptical of Bolton's defense of publishing book without White House approval Maximum pressure is keeping US troops in Iraq and Syria Woodward book trails Bolton, Mary Trump in first-week sales MORE.

Bolton, who holds hard-line views on Iran, submitted his resignation on Tuesday.

The White House declined to comment on the record about the report. The Treasury Department did not immediately respond to a request for comment.

The easing of sanctions would be a remarkable reversal for an administration that has made cracking down on Iran a point of focus. Trump withdrew from the Obama-era nuclear deal that provided Tehran with sanctions relief despite the urgings of international allies, and the administration has implemented scores of penalties on the Iranian oil sector, its mineral sector and its leaders.

Trump has in recent days shown an openness to a possible meeting with Rouhani on the sidelines of the United Nations General Assembly later this month. But Iran has said it will not meet with U.S. leaders while sanctions are in place.

Secretary of State Mike Pompeo Michael (Mike) Richard PompeoWatchdog confirms State Dept. canceled award for journalist who criticized Trump Trump's push for win with Sudan amps up pressure on Congress Putin nominated for Nobel Peace Prize MORE and Mnuchin briefed reporters on Tuesday, where the Treasury secretary said they and the president are "completely aligned on our maximum pressure campaign."

"I think you know we've done more sanctions on Iran than anybody. And it's absolutely working," Mnuchin said.

But Pompeo, who has also been a vocal advocate of hammering Iran with sanctions to change its behavior, said he could see the president meeting with Rouhani at the United Nations.

Trump announced Tuesday in a tweet that he had ousted Bolton, who spent roughly 18 months as Trump's national security adviser. Bolton was a fierce Iran hawk and had previously advocated for regime change before joining the administration.