Board Thread:Episode Discussion/@comment-29684190-20191109160654/@comment-43749004-20191110211258

I think Ironwood knows they're withholding information from him, but he's okay with it (for now) because he knows they don't trust him. He's trying really hard to regain their trust by filling them in and giving them back the relic, but he knows he has to work for it (unlike Ozpin, who simply asks/tells people to trust him with little/nothing to support it).

Also, I think he's just relieved to have them back.