Monica Ricks

Kuwaiti air defenses intercepted it, but officials say falling debris caused minor injuries to five people, including contractors and active duty personnel.

A Reaper drone was also destroyed in that attack.

Another was seriously damaged.

Those drones cost about $30 million each.

Meantime, the White House says President Trump's still weighing whether to extend a ceasefire with Iran after negotiators allegedly reached an agreement.

Michael Ratney is a former U.S.

ambassador to Saudi Arabia.

Ambassador Ratney on ABC News.

This conflict's been going on for four months now, but Trump has said he'll only make a deal that satisfies his red lines, including Iran abandoning its nuclear program and reopening the Strait of Hormuz.

Ship owners are increasingly optimistic now about a pickup in traffic through the Strait of Hormuz after more vessels left the waterway this week.

Some ships that have crossed belong to companies that haven't moved since this war started with Iran four months ago.

The movement has the potential now to boost the flow of everything from oil and gas to consumer goods and could also boost oil tanker earnings.

Defense Secretary Pete Hegseth praised U.S.

partnerships and stable ties with China while speaking at a security summit overnight in Singapore.

Bloomberg editor-at-large Haslinda Amin is there.

Bloomberg's Haslinda Ahmed on Bloomberg this weekend.

Hegseth did not mention Taiwan in his speech, which is a red line for China and marked a major shift in tone.

NATO Defense Chief Admiral Giuseppe Cavaldragone is also at that summit and talked about Europe's response to President Trump's demand to pay more for defense and its relationship with the Pentagon.

He says it's stable.

Dragona telling Bloomberg they're drama-free on the military side too.