US Missile Stockpiles Reportedly Depleted Amid Iran Conflict; Trump Announces Diplomatic Progress

The US military has reportedly expended 'virtually all' of its Army Tactical Missile Systems (ATACMS) and Precision Strike Missiles (PrSM) during the five-month conflict with Iran, raising concerns within the Trump administration about sustained operations and global deterrence. Concurrently, President Trump announced 'very good discussions' with Iran, fueling expectations of an imminent conflict resolution, which led to a drop in oil prices and a rise in Asian stocks.