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.
The war has been President Donald Trump's worst foreign policy blunder – so far.
It makes it harder for the United States to deter its enemies.
It has damaged its alliances with the oil-producing Arab monarchies of the Gulf, whose business model as i... [6427 chars]