What does Zechariah 9:10 mean?

I'll get rid of the chariots from Ephraim and the warhorses from Jerusalem. The weapons of war will be broken. He'll announce peace to the nations, and his rule will stretch from sea to sea, from the Euphrates River to the ends of the earth. Zechariah 9:10 - Modern Text Bible

(This king will end war and bring peace everywhere, ruling over all nations.)