US has burned through ‘years’ of munitions since the Iran war began, while the rapid depletion of stockpile including Tomahawk missiles raises pressure on US President Trump regarding the cost of the war, according to FT

The report highlights significant munitions depletion for the US since the Iran war, which raises concerns over military readiness and the financial implications of continued conflict. This narrative could pressure President Trump regarding war costs, potentially impacting USD stability and risk assets as markets assess the geopolitical landscape. Watch for reactions across energy markets and equities as traders digest these developments.