President Trump’s acceptance of a two‑week cease‑fire with Iran has dropped oil prices, but the deal leaves the Strait of Hormuz and Iran’s nuclear program unresolved.

The U.S. halted strikes after declaring military objectives met, yet the terms of any final agreement remain unclear. A tactical pause could backfire if navigation freedom and nuclear limits are not secured.

Trump faces three options: resume fighting, deploy ground forces to Kharg Island, or walk away. Each path risks escalating the outcomes that prompted the conflict and could isolate U.S. allies while empowering Tehran.

In short, the cease‑fire may offer short‑term market relief but risks a strategic loss if core issues stay unsettled.