Axios

After three weeks of war, the Trump administration has begun initial discussions on the next phase and what peace talks with Iran might look like, according to a U.S. official and a source with knowledge.

Why it matters: President Trump said Friday that he was considering "winding down" the war, though U.S. officials said the expectation was there would still be two to three additional weeks of fighting. In the meantime, Trump's advisers want to start laying groundwork for diplomacy.

Elon Musk said Saturday he'd be willing to pay the salaries of TSA agents during the Homeland Security shutdown, as President Trump suggested the possibility of using ICE agents to keep airports moving instead.

Why it matters: The shutdown is causing chaos for travelers and gridlock in Congress, with few solutions on the horizon.

The Iran war's economic consequences risk outlasting the conflict itself.

Why it matters: Any swift ceasefire or arrangement allowing safe passage through the Strait of Hormuz won't undo supply shocks that could linger for months — and in some cases, years.