I think so.
He just announced that the war is nearly complete. This from the guy who was saying he would accept nothing less than “unconditional surrender” just yesterday. The Iranians have not surrendered.
Stock market is now in the green and oil is back to around $85.00 (still high, I know).
It seems to be that Trump panicked, decided the economic damage was not worth it, and he decided to chicken out. We’ll see how Iran replies.