Bardoon declares independence, along with a small collection of local villages. Mercan's walls are rebuilt in the two year interim and much of the city is under construction (much of the rubble that isn't used to rebuild is made into a monument for the war). Barlozian troops are pulled completely from Tantathia (which is under Aruthien occupation), including Aranor.
Eregant increases incentives to use it as a trade hub, especially between nations currently experiencing political friction. Crebain has a few of the more corrupt lesser princes assassinated (because that's how you have to do things in Eregant).
Lindur opens trade to the Northern Kingdoms, especially their new terrestrial neighbor Newholm (which lies just to the north, along the coast). A temporary bridge is built across Ulf Canyon, opening Murnia to trade from the outside. Baerrel is slightly miffed.
Pillows are designed for relaxation. If they are fighting, what hope do we have?