EVERYBODY TAKE A BREATH: President Trump chose more sanctions, not bombs to respond to Iran, after it became clear that its attack on two U.S. bases in Iraq Wednesday night resulted in no U.S. or Iraqi casualties.

“Iran appears to be standing down, which is a good thing for all parties concerned and a very good thing for the world,” Trump said in an address to the nation. “Our missiles are big, powerful, accurate, lethal and fast,” he said. “The fact that we have this great military and equipment, however, does not mean we have to use it. We do not want to use it. American strength, both military and economic, is the best deterrent.”