In today's edition of micro drama, IRON and Valyria have gotten together, talked about our feelings, came to an agreement, and wrote up a fancy NAP. Here it is:
This agreement is just between IRON and Valyria and doesn't apply to any other combatants in the current global war, of course, but we're going to pretend that it was this peace agreement that ultimately brought about the end of the global war anyway, whenever that happens.
tl;dr: peace