Meaning of “situation” - Learner’s Dictionary

situation

noun [ C ] us uk /ˌsɪtjuˈeɪʃən/
I found myself in an awkward situation.She reported that the situation had changed dramatically.The situation at the moment is unclear.So what do you think is the best way of dealing with the situation?The present situation is fraught with danger.
SOMETHING HAPPENING/EXISTING

B1 the set of things that are happening and the conditions that exist at a particular time and place:

the economic/political situation
He's in a / difficult situation.
POSITION formal

the position of a town, building, etc:

The park's situation was perfect.

(Definition of “situation” from the Cambridge Learner’s Dictionary © Cambridge University Press)