"I didn't expect that reaction, but that's okay", was Trump's response, which in and of itself inspired more laughter and even some applause.
Ensuring nonproliferation of nuclear weapons "requires collective leadership of the type that led to the agreement" on the Iran nuclear deal in 2015, May said.
Rouhani told a wide-ranging news conference that the US decision to pull out of the 2015 nuclear deal in May was "a mistake" because there are no benefits for the people of the United States, Iran, Europe or any other country.
As chairman of a session of the top United Nations body, Trump denounced the "horrible, one-sided" nuclear deal with Iran that he ditched in May, to the dismay of European allies.
And at that moment, the world finally was laughing at us. He has disrupted the world order by withdrawing the United States from the nuclear deal and the Paris climate accord, and threatened to punish North Atlantic Treaty Organisation nations for not paying more for their common defense.
"I would say over the next two to three to four months,"Trump said, referring to his prospective timetable for presenting a plan as he met Netanyahu on the sidelines of the UN General Assembly".
Trump's national security adviser, John Bolton, addressing a group called United Against a Nuclear Iran, called the 2015 accord "the worst diplomatic debacle in American history" and had a warning for "the mullahs in Tehran".
"The regime used new funds from the deal to support terrorism, build nuclear-capable missiles, and foment chaos", Trump said.
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Rouhani said it was "quite unusual, unprecedented and amazing" that while presiding over the Security Council as its president Trump also called on the 14 other council members to violate the legally binding resolution endorsing the JCPOA that the council adopted unanimously in 2015 - including a "yes" vote from the United States.
At the onset of the gathering, former Senator Joe Lieberman (D-Conn.) was given an Iranian coin by United Against Nuclear Iran's (UANI) CEO Mark Wallace to commemorate, what they hoped would be, the impending collapse of the regime.
"We reject the ideology of globalism", Trump said.
But, Mr Trump noted, the United States has recently begun to reimpose sanctions on the country and regime, and said another round of sanctions will go into effect on November 5.
Pompeo criticized the European Union's intention to establish a work-around to US sanctions, while Bolton warned of "hell to pay" if Iran continued aggravating other nations. "Similarly, he dislikes groups like North Atlantic Treaty Organisation because he sees them as somehow taking advantage of the United States".
"Not this year, nor last year", Rouhani told CNN on Tuesday.
Trump opened Tuesday's speech by describing the American economy as "booming like never before". "Iran has to feel they have no one left to turn to".
Anwar Gargash, UAE Minister of State for Foreign Affairs said oil prices were driven only by markets, by supply and demand.