Bad news for the U.S. military and for anyone hoping the Iran war ends soon, as the Pentagon is quietly rationing air defenses because it has burned through its stockpile.

• The U.S. has fired off so many Patriot interceptors defending against Iranian missiles that supplies are dangerously low — estimates range from 1,000 left down to just 400.
• Trump paused the bombing of Iran not by choice but because top military advisers warned there aren't enough interceptors to protect troops and Gulf allies if Iran hits back.
• U.S. casualties are climbing (18 dead, 600+ wounded), while Iran still holds most of its missiles and Israel has lost no soldiers in a war it pushed for.
• Striking Iran has backfired: it rallied Iranians around their leaders instead of forcing them to negotiate, and it shut the Strait of Hormuz, hurting the global economy.
• Ben Shapiro wants the media silenced and the leakers punished; Netanyahu is visiting Trump again to push for keeping the war going.

Outlook: The bombing is only paused, not over, and with interceptors low the U.S. has no good military option — only a hard-to-swallow negotiated deal could reopen Hormuz.