The recent ceasefire between the US and Iran has created a complex economic landscape, leaving many experts concerned about the long-term effects on global markets and economies. Although the ceasefire has temporarily halted hostilities, it has not provided relief to the oil markets or businesses, sparking fears of enduring economic harm. Economists warn that the damage from the conflict may persist for years, complicating recovery efforts. In Canada, the oil and gas industry sees potential benefits, yet rising gas prices are expected to remain a concern. The global economy faces uncertainty, with inflation risks continuing despite the ceasefire. Analysts emphasize that while diplomatic efforts are underway, the situation remains unstable, and any lasting peace will need to address the ongoing supply chain disruptions and geopolitical tensions in the region.