The war ended with a deal that gives Iran sanctions relief, reconstruction funds, and the ability to charge tolls on the world’s most critical waterway. While the White House may call it a victory, the costs suggest otherwise.
By MAX BOOT Council on Foreign Relations
June 19, 2026
With the signing of a Memorandum of Understanding (MOU) on Wednesday, the Iran war is over, at least for now. The full ramifications are not yet obvious. We do not know, for example, what restrictions on its nuclear program, if any, Iran will ultimately agree on as part of the follow-on negotiations—though the economic windfall President Donald Trump is offering Tehran up front greatly lessens the Islamic Republic’s incentive to compromise. But one thing can already be said with confidence: The war was not worth the high price paid for it.
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