President Donald Trump announced on Sunday the effective end of the U.S. and Israeli military campaign against Iran, securing an agreement that reopens the Strait of Hormuz to oil traffic but leaves the Iranian regime in power and its nuclear program unresolved.

Trump made the statement at the White House alongside Dana White, president and CEO of the UFC, framing the outcome as a victory for global energy markets. “Ships of the World, start your engines. Let the oil flow!” he declared.

The emerging deal restores the status quo that existed before Feb. 27, the day prior to the start of U.S. and Israeli strikes on Iranian targets.

While the operation inflicted damage on Iranian infrastructure, it did not dislodge the country’s leadership or fundamentally alter its governing system.

Strikes Fall Short of Initial Objectives

The military action, which Trump had tied to a broader goal of regime change, lasted several weeks and carried significant costs in lives, equipment, and diplomatic capital.

U.S. officials had signaled early on that the pressure campaign aimed to weaken or remove Iran’s clerical leadership. Those ambitions went unmet.

Instead, negotiators focused on the Strait of Hormuz, the narrow waterway through which roughly one-fifth of global oil passes.

Also Read: Trump: Iran Deal to Be Signed Tomorrow, Strait of Hormuz Reopens Immediately, No Money for Iran

Iranian forces had effectively disrupted traffic in the channel during the conflict, driving up energy prices and threatening supply chains for Europe and Asia.

The new arrangement allows commercial shipping to resume without immediate threat from Iranian naval or proxy forces.

In return, the United States and Israel appear to have paused further strikes. Details of written commitments remain limited, and administration officials have not released a full text of any formal agreement.

Limited Gains, High Price

The outcome marks a retreat from Trump’s more expansive rhetoric in the opening phase of the conflict.

Senior aides had described the operation as an opportunity to reshape the Middle East by eliminating a primary source of regional instability. That vision did not materialize.

Iran’s government, led by Supreme Leader Ali Khamenei, survived the strikes intact. While Iranian military capacity suffered setbacks, particularly in air defenses and missile production sites, the political structure showed resilience.

Public statements from Tehran described the fighting as a successful defense against foreign aggression.

Also Read: US Shoots Down Four Iranian Drones Near Strait of Hormuz, Strikes Radar Sites in Response

The agreement provides immediate economic relief. Oil markets reacted positively to Trump’s announcement, with futures prices dropping on expectations of restored flows. Shipping companies and energy traders had been on edge for weeks as insurance costs for passage through the Gulf soared.

Nuclear Issue Deferred

One core problem remains open. Iran’s nuclear facilities, already a point of tension for decades, were targeted during the strikes but not eliminated.

U.S. intelligence assessments before the conflict indicated Iran was advancing enrichment activities. The current deal does not include verifiable limits on those efforts, according to officials familiar with the talks.

Administration spokesmen said nuclear negotiations would continue separately. “We got the oil moving. The rest will follow,” one senior official told reporters on background.

Critics inside and outside the Republican Party described the result as incomplete. Some lawmakers argued that pausing now simply allows Iran time to rebuild and advance its program.