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Photo: Alex Wong/Getty Images

After Iran's launch of more than a dozen ballistic missiles last night at U.S. forces in Iraq, an initial search found zero American casualties, U.S. officials said.

Why it matters: Experts see that aftermath as a best-case scenario for de-escalation despite the fact that President Trump drew the brightest red line of his presidency when he tweeted a warning Saturday to Iran about hitting "American assets."

  • The lack of casualties could provide an off-ramp for Trump to declare victory and say the Iranians couldn't touch the U.S.
  • Iranians could claim they defended their honor.
  • Then everyone could walk away, and de-escalate.

A Pentagon statement on the strikes said: "It is clear that these missiles were launched from Iran and targeted at least two Iraqi military bases hosting U.S. military and coalition personnel at Al-Assad and Irbil."

  • Trump tweeted Saturday that "if Iran strikes any Americans, or American assets," the U.S. had targeted 52 Iranian sites that could be hit "VERY FAST AND VERY HARD."

The latest on Iran's retaliatory strike, via AP:

  • U.S. embassies and consulates from Asia to Africa and Europe issued security alerts for Americans.
  • The FAA warned of a “potential for miscalculation or mis-identification” for civilian aircraft in the Persian Gulf amid in an emergency flight restriction.
  • A Ukrainian airliner later burst into flames shortly after takeoff from Tehran, but officials said they believe a mechanical issue caused the crash, which occurred just hours after Iran's retaliatory strike.

Trump, who'll address the nation this morning, tweeted: "All is well!"

  • "Assessment of casualties & damages taking place now. So far, so good!"
  • "We have the most powerful and well equipped military anywhere in the world, by far!"

A hopeful signal from Iranian Foreign Minister Mohammad Javad Zarif, who tweeted: "Iran took & concluded proportionate measures in self-defense ... We do not seek escalation or war, but will defend ourselves against any aggression."

  • Between the lines: "Concluded" is the key word.

Go deeper:

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Reopening is expensive

Illustration: Brendan Lynch/Axios

Emerging from pandemic lockdown is shaping up to be pricey. Traveling, eating out and even refreshing your wardrobe costs more, per April inflation data out today.

Why it matters: The economy is reopening and suddenly Americans want in on the activities they've gone a year without. The data shows how much that sudden demand has helped push prices higher — at least for now.

Colonial Pipeline restarting service after hack

Photo: Bloomberg via Getty Images

Colonial Pipeline is restarting operations around 5 p.m. ET Wednesday, Energy Secretary Jennifer Granholm announced.

Why it matters: At least 11 states and Washington, D.C., have experienced gas shortages since a ransomware attack forced the critical pipeline running from Texas to New York to shut down on Saturday.

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CDC panel endorses Pfizer vaccine for 12- to 15-year-olds

Illustration: Brendan Lynch/Axios

An advisory panel for the Centers for Disease Control and Prevention on Wednesday endorsed the Pfizer-BioNTech coronavirus vaccine for 12-to 15-year-olds, following the FDA's emergency use authorization.

Why it matters: Approval from the CDC panel was the final step needed before inoculations could be offered at any vaccination site for this age group.

  • Pfizer has said its vaccine is 100% effective at protecting against COVID-19 in a trial of more than 2,200 children between the ages of 12 and 15.