U.S. has used ‘virtually all’ long-range precision missiles in Iran war, sources say

Who claims what

• —The shortage of U.S. missiles could impact its ability to deter adversaries such as Russia and China — not independently verified
• —Concerns are rising regarding the depletion of U.S. missile supplies amid the prolonged conflict in Iran — not independently verified
• —U.S. has used 'virtually all' long-range precision missiles in the Iran war, sources say — not independently verified (per sources)

Our assessment

If the reported claims of U.S. long-range precision missile depletion are accurate, it could lead to a perception of reduced deterrence capacity in other strategic theaters, potentially affecting regional risk calculus among state and commercial actors. Companies operating in sectors with exposure to conflict…