Overview
- U.S. forces launched fresh strikes on Iranian military facilities on Sunday, May 25, a step officials warn could rekindle broader hostilities.
- Israeli Prime Minister Benjamin Netanyahu said on Tuesday that Israeli ground troops have been massed in southern Lebanon to secure key positions against Hezbollah.
- Iranian state television reported on Wednesday that it obtained a draft U.S.–Iran memorandum that would link U.S. troop withdrawals and an end to port blockades to restored shipping through the Strait of Hormuz, but the draft remains unconfirmed by other parties.
- A Center for Strategic and International Studies estimate says the U.S. used more than 1,000 Tomahawk cruise missiles in the campaign and will need over four years to rebuild stocks to pre-conflict levels.
- Markets moved on the diplomatic signals with New York stocks rising on hopes for Hormuz stability while Tokyo fell, and analysts warn continuing fighting could push energy and supply costs higher and delay planned missile deliveries to allies.