At the G7 summit in Evian, France, US President Donald Trump declared victory over Iran and defended the memorandum of understanding expected to be signed on June 19. Although all the issues are not clear, the announced draft suggests that Trump achieved fewer objectives than he had declared when starting the war: there was no surrender or regime change in Iran and the nuclear program will be discussed in the next 60 days. The reopening of the Strait of Hormuz emerges as the greatest achievement of the ceasefire, which will ease economic tensions.