Trump administration signed a preliminary peace deal with Iran that reopens the Strait of Hormuz and lifts the U.S. naval blockade—ending a war that began in February 2026 and killed thousands on both sides. Trump has characterized the agreement as a "great settlement," saying the war with Iran has effectively ended. Some analysts and commentators have argued the war was strategically costly and the deal leaves key issues unresolved, though Trump officials frame it as a success. There's genuine disagreement among experts about whether this represents a strategic victory or a costly outcome, but Trump himself has not admitted defeat—he's claimed the opposite.