What happened
The United States has “pressed pause” on airstrikes against Iran after President Donald Trump’s advisers told him their military was “running out of targets” and “expressed worries” about dwindling munitions, Reuters reported Sunday. Sources also told Axios that Adm. Brad Cooper, the top U.S. military commander in the Middle East, and other advisers “recommended stopping the bombing campaign” because it had “reached the limit of its effectiveness.” There have been no U.S. strikes in the region since last week, and Iran has halted its retaliatory attacks. The Strait of Hormuz remains closed.
Who said what
The president is giving “some space” for diplomatic talks to take place while still keeping “all options on the table,” U.S. Ambassador to the United Nations Mike Waltz told NBC’s “Meet the Press.” The U.S. has “far more munitions than anyone in the world,” Trump insisted in a statement to The Wall Street Journal.
Recent polling shows the MAGA base is “losing patience” with the conflict, Politico said. Trump seems “trapped” by a “war he cannot find his way out of,” said The New York Times. “There is more skepticism than optimism” that the pause in fighting will continue, a senior Iranian source told Reuters.
What next?
Oil prices tumbled Monday morning as the pause held, but “analysts cautioned against pricing in further falls,” the Financial Times said. Fed officials will meet this week to discuss a possible interest rate hike as prices remain high.