Iran producing up to 50 ballistic missiles a month, half its prewar rate – report

Iran is producing 50 ballistic missiles a month, about half its prewar capacity, according to Western intelligence estimates reported by Bloomberg. The report says Iran likely has at least 1,700 ballistic missiles left. The article also covers diplomatic efforts, Iran's nuclear program, and a US reward offer.

Iran is producing 50 ballistic missiles a month, about half its prewar capacity, according to Western intelligence estimates reported on Wednesday. An unnamed Western official told Bloomberg that despite Iran's conventional military being mostly destroyed by the joint US-Israel air campaign launched in February, it likely has at least 1,700 ballistic missiles left and is making more. The report also noted that the US still has large stockpiles of precision-guided bombs and cruise missiles, but drawing on those supplies has depleted stores in other regions. Iranian missile launches at US forces and allies used up at least 1,000 Patriot interceptors, of which about 650 are produced each year at $4 million each. Bloomberg estimated that Iran fired over 4,900 Shahed drones and at least 2,200 ballistic missiles since the war started on February 28. The article also covers diplomatic efforts led by Qatar and Pakistan, Iran's demands for unfreezing assets and lifting sanctions in return for reopening the Strait of Hormuz, and Iran's rejection of a US reward for information on its nuclear program.