The USA announced that a ceasefire agreement had been reached with Iran on the 107th day of the war and stated that the blockade in the Strait of Hormuz had ended. With this decision, unless a new development occurs, the war seems to be over. However, even though the parties reached an agreement, the resulting picture is very different from what was expected. While Iran has survived despite heavy blows, experts say that the real winners and losers are different than everyone thinks. The details behind the agreement and the changing balance of power in the region sparked new discussions. We examined the subject in detail.