Trump says there's a ceasefire. The market likes it. The White House is calling it a win. But the details sound a lot more like a rushed exit than a clean victory.

In this episode, Nate and Chuck break down the supposed Iran ceasefire, the claim that the U.S. "achieved and exceeded" its military goals, and why Iran's own 10-point framework appears to be the basis for the deal. They also get into the bizarre Pakistan angle, the mixed messages from Trump, Pete Hegseth, and Iranian officials, and why the biggest risk is still escalation, not resolution.

00:00:00 Opening and hard stop 00:01:15 Ceasefire headlines and first reaction 00:03:15 Tennessee convention plug 00:04:15 Trump's ceasefire post 00:07:30 Trump wants out of war 00:10:45 Hegseth and the "victory" line 00:14:00 Iran's version of the deal 00:16:15 Pakistan "draft" post theory 00:19:45 What the 10-point plan actually says 00:27:45 Mark Levin demands more war 00:31:30 Ceasefire chaos and ongoing strikes 00:35:00 Why war creates more enemies

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