United States President Donald Trump has said Iran’s worsening economic situation is giving Washington room to maintain pressure on Tehran, as the two countries remain at odds over negotiations and the conflict. Iran is facing “huge inflation” and severe financial difficulties, according to Trump, who described the country as being “in very bad shape” economically. Describing the back-and-forth as “like a chess game”, Trump expressed confidence that an agreement over the Strait of Hormuz would eventually be reached. An agreement governing traffic in the strategic waterway, negotiated among Iran, Oman and the United States, remained pending. Oil prices have also fallen to slightly above $75 a barrel, easing the impact of the conflict on American consumers and giving Washington more room to sustain pressure on Tehran, Trump said.