The US military believes it has significantly neutralized Iranian missile and drone threats by depleting their stockpiles and launchers, though continued strikes against Gulf targets prove Iran retains some capabilities. US and Israeli officials claim to have hit over 6,000 military targets, a blow that could take decades to recover from, given the economic strain of heavy sanctions on Iran’s oil and gas exports.
Global tensions escalated when Iran began targeting oil tankers, including those from neighboring Iraq. Despite Iranian denials regarding the mining of the Strait of Hormuz—a transit point for 20% of global oil—most commercial vessels now avoid the waterway to bypass drone strikes and soaring insurance premiums.
Under international pressure, the US recently targeted Kharg Island, the terminal for over 90% of Iranian crude exports. Military planners likely view the island as a strategic lever to compel Iranian cooperation while stopping short of total economic collapse.
