Damage Done - Joe Blogs

[TexasTowelie]

A last-minute ceasefire between the US and Iran may have paused the immediate threat of escalation… but the damage has already been done.

With just minutes to spare before Donald Trump’s deadline expired, both sides agreed to a temporary two-week truce. But this is not peace — it’s a fragile pause, and the risks haven’t gone away.

Oil prices may have pulled back, but they remain significantly higher than at the start of the year. The Strait of Hormuz is still a major flashpoint, global supply chains have already been disrupted, and the economic consequences of this conflict are now rippling through markets worldwide.

Meanwhile, tensions remain high across the region. Conflicting messages over Lebanon, ongoing military activity, and uncertainty around Iran’s next move all raise serious questions about whether this ceasefire will actually hold.

So where does this leave us?

Has the US achieved its objectives?
Has Iran really backed down?
And what does all of this mean for the global economy over the rest of 2026?

In this video, I break down exactly what’s happened over the last 24 hours, what the ceasefire really means, and why the economic fallout from this conflict is far from over.

Because even if the war has paused…

👉 The damage is already done.