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The U.S. and Iran agreed to a fragile two-week ceasefire, brokered by Pakistan, just hours before President Trump’s threatened strike. Iran has pledged to keep the Strait of Hormuz open — but reports suggest it may demand payment in cryptocurrency. Israel continues major strikes in Lebanon, and drone and missile activity across the Gulf highlight how tenuous the pause really is. Markets have rallied on the news, but the real question remains: did the U.S. gain leverage, or did Iran get what it wanted on a silver platter? Scott Galloway and Jessica Tarlov break down the ceasefire, analyze the claims from both sides, and discuss the potential path toward a longer-term deal.

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