diff --git a/crates/jp_cli/src/cmd/conversation/show.rs b/crates/jp_cli/src/cmd/conversation/show.rs
index ca9d2399d..7f3845721 100644
--- a/crates/jp_cli/src/cmd/conversation/show.rs
+++ b/crates/jp_cli/src/cmd/conversation/show.rs
@@ -45,9 +45,9 @@ impl Show {
             let compactions = events.compactions().map(compaction_detail_item).collect();
 
             let details = DetailsFmt::new(id)
-                .with_last_message_at(events.last().map(|v| v.event.timestamp))
+                .with_last_message_at(events.last_turn_event().map(|event| event.timestamp))
                 .with_event_count(events.len())
-                .with_turn_count(events.iter_turns().len())
+                .with_turn_count(events.turn_count())
                 .with_title(conversation.title.as_ref())
                 .with_model(config.assistant.model.id.resolved().to_string())
                 .with_last_activated_at(Some(conversation.last_activated_at))
diff --git a/crates/jp_cli/src/shared/confirm.rs b/crates/jp_cli/src/shared/confirm.rs
index 13d1f7045..2a2724084 100644
--- a/crates/jp_cli/src/shared/confirm.rs
+++ b/crates/jp_cli/src/shared/confirm.rs
@@ -227,8 +227,8 @@ fn action_details(
     DetailsFmt::new(id)
         .with_title(meta.title.as_ref())
         .with_event_count(events.len())
-        .with_turn_count(events.iter_turns().len())
-        .with_last_message_at(events.last().map(|v| v.event.timestamp))
+        .with_turn_count(events.turn_count())
+        .with_last_message_at(events.last_turn_event().map(|event| event.timestamp))
         .with_last_activated_at(Some(meta.last_activated_at))
         .with_pinned_flag(meta.is_pinned())
         .with_local_flag(matches!(lock.projection(), Projection::LocalOnly))
diff --git a/crates/jp_conversation/src/stream.rs b/crates/jp_conversation/src/stream.rs
index f362866c9..37fa35e7a 100644
--- a/crates/jp_conversation/src/stream.rs
+++ b/crates/jp_conversation/src/stream.rs
@@ -723,7 +723,9 @@ impl ConversationStream {
     /// at the time the event was added.
     #[must_use]
     pub fn last(&self) -> Option<ConversationEventWithConfigRef<'_>> {
-        self.iter().last()
+        // `next_back` folds the deltas before the event once; `Iterator::last`
+        // would walk forward and clone the config at every event.
+        self.iter().next_back()
     }
 
     /// Similar to [`Self::last`], but returns a mutable reference to the last
diff --git a/crates/jp_conversation/src/stream/iter.rs b/crates/jp_conversation/src/stream/iter.rs
index 2a7f28afa..508f4d181 100644
--- a/crates/jp_conversation/src/stream/iter.rs
+++ b/crates/jp_conversation/src/stream/iter.rs
@@ -42,10 +42,9 @@ use crate::{ConversationEvent, EventId, EventKind};
 /// A recomputed delta is a new entry and is assigned a new ID.
 impl Extend<ConversationEventWithConfig> for ConversationStream {
     fn extend<T: IntoIterator<Item = ConversationEventWithConfig>>(&mut self, iter: T) {
-        // Cache the running tail config across iterations. Without this, every
-        // push falls through `push_with_config_delta` → `self.last()`, which
-        // walks the whole stream and deep-clones `PartialAppConfig` on each
-        // step — making `extend(n)` O(n²) in clones.
+        // Cache the running tail config across iterations. Recomputing it with
+        // `self.last()` per event folds every config delta in the stream each
+        // time, which makes `extend(n)` quadratic.
         let mut tail = self
             .last()
             .map_or_else(|| self.base_config().to_partial(), |v| v.config);
diff --git a/crates/jp_conversation/src/stream_tests.rs b/crates/jp_conversation/src/stream_tests.rs
index 0068852f3..d26968b89 100644
--- a/crates/jp_conversation/src/stream_tests.rs
+++ b/crates/jp_conversation/src/stream_tests.rs
@@ -806,6 +806,31 @@ fn a_delta_may_introduce_a_model_alias_the_base_config_never_had() {
     );
 }
 
+#[test]
+fn last_carries_the_config_before_it_and_not_after() {
+    let mut before = PartialAppConfig::empty();
+    before.conversation.tools.defaults.run = Some(RunMode::Allow);
+    let mut after = PartialAppConfig::empty();
+    after.conversation.tools.defaults.run = Some(RunMode::Skip);
+
+    let mut stream = ConversationStream::new_test();
+    stream.start_turn("first");
+    stream.add_config_delta(before);
+    stream.push(ConversationEvent::now(ChatResponse::message("last")));
+    stream.add_config_delta(after);
+
+    let last = stream.last().unwrap();
+    assert_eq!(
+        last.event.as_chat_response(),
+        Some(&ChatResponse::message("last"))
+    );
+    // A delta applies to the events after it, so the trailing one is excluded.
+    assert_eq!(
+        last.config.conversation.tools.defaults.run,
+        Some(RunMode::Allow)
+    );
+}
+
 #[test]
 fn pop_and_trim_preserve_trailing_config_delta() {
     // The other global event variant: a config delta must survive the same