• The losses: The US has lost at least 45 MQ-9 Reaper drones (roughly 25% of its fleet, costing over $1.3bn) during the Iran war, with the slow, low-flying aircraft proving easy targets near the Strait of Hormuz for Iran and its regional proxies.

  • The wider drain: The Reaper losses join over 850 Tomahawks and 1,000+ Patriot/THAAD missiles fired in the campaign's first month, constraining Trump's military options and forcing commanders to hold missiles in reserve unless an incoming threat seems likely to cause harm.

  • The replenishment gap: An AEI report found THAAD interceptors alone would take roughly 27 years to restock at current production rates given a 96-per-year cap against Pentagon demand for 2,600 over five years, even as the administration seeks a $67bn supplemental budget.