A US-Iran ceasefire took effect on 2026-04-07/08 through Pakistani mediation. Trump extended it indefinitely on 2026-04-21, and both presidents signed the Islamabad Memorandum on 2026-06-17. It collapsed on 2026-07-08 and fighting resumed, but a ceasefire and truce did happen.
There can be no ceasefire. There can be no truce. There can be no peace because both the American Empire and Iran are fighting for the nature and structure of reality itself.
The war has not ended. The global economy has been hit hard (oil spikes, $200/bbl diesel in September) but has not been destroyed: in July 2026 the IMF projected 3% world growth.