The US has burned through so many munitions in Iran that some administration officials increasingly assess that it couldn't fully execute contingency plans to defend Taiwan from a Chinese invasion if it occurred in the near term, via WSJ citing officials

This headline underscores growing concerns about the U.S. military's capacity to address multiple geopolitical hotspots due to resource depletion. While there are no immediate signs of conflict with China, the assessment may affect defense and energy strategies, potentially influencing market reactions in commodities linked to geopolitical tensions.