Trump is threatening fresh attacks on Iran while quietly admitting the US is running short on advanced weapons — bad for the economy, US troops, and Trump's own options.

• Trump says he's ready to go back to war if Iran won't negotiate; Iran says it isn't interested in talks.
• He admitted the US is short on "sophisticated" weapons, blaming Biden for giving stockpiles to Ukraine.
• The US has fired most of its Tomahawk missiles and huge numbers of Patriot interceptors, which will take years to replace.
• Every goal of the war has backfired — Iran now looks stronger, more likely to build a nuke, and in control of the Strait of Hormuz.
• High oil and gas prices and stubborn inflation from the conflict are hurting people's bills and Republican election hopes.

Outlook: Trump is likely to stall for a deal he can spin as a win, but with narrowing options and possible new fronts like the Red Sea, more escalation stays on the table.