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The deal to end fighting and re-open the Strait of Hormuz leaves the sides where they were 24 hours before the war - only with thousands now dead.
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The U.S. and Iran have issued conflicting statements on how the Strait of Hormuz will be managed.
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"The Deal with the Islamic Republic of Iran is now complete," Trump said in a Truth Social post.
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Under the agreement, the key Strait of Hormuz waterway will be reopened, US President Donald Trump said.
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Energy prices tumbled and stocks jumped Monday — but only moderately — after the U.S. and Iran said they had reached a deal to reopen the Strait of Hormuz.
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President Donald Trump announced "major combat operations" against Iran on Feb. 28, with massive joint U.S.-Israeli strikes.
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