Both, and
We are delivered from Satan’s grip.
Jesus prays “Deliver us from the evil one.”
But, yes, ultimately we are saved from God’s final destruction of evil.
If Satan has you in his grip, you will be destroyed along with him.
Scripture says we’re saved from God, not Satan.
“Since, therefore, we have now been justified by his blood, much more shall we be saved BY him FROM the wrath of GOD.”
Romans 5:9