U.S. President Donald Trump’s Operation Epic Fury against Iran, launched on February 28, achieved no strategic gains, despite his declared victory. The U.S.-Iran memorandum of understanding (MOU) outlines negotiations on Iran’s nuclear program, a 60-day oil export waiver for Iran, and the reopening of the Strait of Hormuz.
While Trump triumphantly declared freedom of navigation, Iranian officials claim this only applies for two months, after which they will impose a transit fee. This conflict has left Americans, U.S. partners, and global consumers worse off than before the U.S. and Israel initiated the war. Trump's failure in Iran is expected to trigger a U.S. withdrawal from the Middle East, as few members of Congress, presidential candidates, or government officials will likely commit the political, military, and financial resources to maintain a presence, echoing December 1971.
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