New York Times

1. Iran War Has Drained U.S. Supplies of Critical, Costly Weapons

   The Pentagon’s rush to rearm its Mideast forces makes it less ready to confront potential adversaries like Russia and China, administration and congressional officials say.

2. How the Iran War Is Morphing Into a Volatile Standoff in the Strait of Hormuz

   The conflict has morphed into a volatile standoff in the Strait of Hormuz, as the economic costs mount and President Trump faces a political backlash at home.

3. War and Sanctions Accelerate China’s Currency Push

   China’s bid to build a renminbi-based financial system beyond the U.S. dollar’s reach is gaining traction as a way to sidestep sanctions.

4. Trump’s Approval Drops to New Low, and Condom Prices Rise Because of the War

   Plus, your Friday news quiz.

5. Companies, Not Consumers, to Cash In Big From Tariff Refunds

   Many families felt the sting of the president’s now-illegal tariffs, but companies have said little about whether they will share the $166 billion coming back to them.