Washington, Aug. 9 -- Amid continued tensions over the Strait of Hormuz, US President Donald Trump on Sunday (local time) said that the United States is adopting a "low-key" approach towards Iran and is not currently looking to launch a fresh military offensive, Axios reported.

"We are low keying it," Axios quoted Trump as saying. Trump added that the US was only "semi-negotiating" with Iran and was closely monitoring its worsening economic situation.

He further added, "We are only semi-negotiating with them. We are just watching Iran with its huge inflation and the fact they have no money."

Trump said Iran was "in very bad shape" economically and claimed that the Persian Gulf country does not have enough money to pay its troops. He al...