Washington, August 11 (IANS) US President Donald Trump kept open the possibility of a major military escalation against Iran, rejected Tehran’s demand for compensation and asserted that the US Navy had complete control of the Strait of Hormuz. Asked what would follow the latest round of talks with Iran, Trump twice told reporters: “You’ll find out.” Trump also said the Strait of Hormuz was open, but claimed the US Navy controlled passage through the strategically important waterway. “We’ve mine swept the entire strait,” Trump said. Trump claimed Iran was financially exhausted, was struggling to pay its soldiers and was experiencing inflation exceeding 300 per cent.