Day 5 (Mar 4): Intensity declining. Iran signals ceasefire willingness via Swiss intermediary. 1,200+ missiles/drones launched over 5 days — largest missile exchange in modern warfare history.
Impacts: Jebel Ali Port, Burj Al Arab area, Beit Shemesh (9 killed), Erbil airport (4 killed), Haifa industrial zone. U.S. losses: 3 KIA at Camp Arifjan.
Defenses: 82% overall interception rate. Arrow-3, THAAD, Iron Dome, David's Sling, Aegis all engaged. Iran estimated at 60-70% stockpile depletion.
Bottom line: Ceasefire talks underway. Turkey mediating. Houthis continue independently. Oil at $165/barrel. 12 airports closed.