Here are the latest developments:

• The United States struck Iranian military infrastructure on Kharg Island on Friday, destroying naval mine storage facilities, missile depots, and other military sites. The island is a critical node in Iran's oil export network, processing roughly 90 percent of the country's crude exports. The strikes come alongside reports of additional U.S. Marines and warships being deployed to the region.
• According to the well-informed media outlet Semafor, Israel has told the United States that its stocks of ballistic missile interceptors are running low. I cannot confirm this report, but what is clear is that Israel’s interceptor stock has been performing significantly better than during Operation Rising Lion. The total number of ballistic missiles launched at Israel has been considerably lower than in the previous operation, and Israel has increasingly used alternatives to the more expensive Arrow interception system where possible.
• Despite mediation efforts by Oman and Egypt, neither side appears willing to negotiate. Officials from both countries confirmed on Friday that talks remain off the table for now. Iran is betting it can outlast American pressure, while the United States is betting it can make that strategy untenable.
• Iranian missile launches are declining, and schools are beginning to reopen in some areas of the country. Further-flung areas—including the Jordan Valley, Judea and Samaria, and the Negev—will return to in-person classes tomorrow, while most families in central Israel continue learning online. In an ironic twist, the Gaza Envelope is for once among the areas least exposed to rocket fire, its schools will reopen tomorrow.

Now, on to the details.