War on Iran shifts to attrition phase: Bloomberg
Al Mayadeen | March 3, 2026
An analysis published by Bloomberg on Tuesday suggests that only days after open hostilities began, the confrontation between the United States and Iran has shifted into a prolonged war on attrition.
According to the report, waves of Iranian drones, particularly the Shahed-136, have continued targeting US military installations and infrastructure across the Gulf following the initial strikes launched by Washington and Tel Aviv. While Gulf officials claim interception rates exceeding 90% through US-supplied Patriot missile batteries, the economic imbalance of the battlefield tells a different story. Each PAC-3 interceptor costs millions of dollars, dramatically outweighing the comparatively modest cost of the drones they attempt to neutralize.
The disparity recalls lessons from previous conflicts, including the 12-day aggression on Iran in June 2025, where sustained barrages exposed the limits of even advanced air defense architectures. High-end Western interceptor systems can be placed under strain when deployed continuously against lower-cost aerial platforms. Analysts say this dynamic creates mounting financial and logistical pressure on US regional partners, raising persistent questions about the long-term sustainability of such defensive operations.
A strategic response to escalation
Observers cited in the report argue that Iran’s approach reflects deliberate operational planning rather than improvised escalation. By relying heavily on drones and calibrated missile deployments, Tehran appears to be managing its resources while imposing steady costs on foreign forces operating near its borders.
Kelly Grieco of the Stimson Center noted that an attritional approach “makes operational sense from Iran’s perspective,” suggesting Tehran is calculating that defensive stocks among US allies could be depleted while political pressure mounts across Gulf capitals.
Iran is believed to retain substantial reserves of ballistic missiles and loitering munitions. Reports indicate more than 1,200 projectiles have been launched since hostilities began, though heavier systems may be preserved for prolonged engagement. Analysts view this as evidence that Tehran is pacing its response rather than exhausting its capabilities prematurely.
Logistical Questions on Both Sides
Bloomberg also noted that Patriot interceptor supplies in some Gulf states, including Qatar, could last only days at the current rate of usage, prompting behind-the-scenes diplomatic engagement to prevent further escalation. Production of PAC-3 interceptors remains limited, while the more advanced THAAD systems operated by Saudi Arabia and the UAE are generally reserved for high-speed ballistic threats and involve even greater financial cost.
These concerns echo remarks made separately to CNN by Shashank Joshi, defense editor at The Economist, who warned that high-intensity exchanges could quickly expose vulnerabilities in advanced interceptor stockpiles.
“But my supposition is that, after about sort of another week of this, we would begin to see very, very serious shortages, particularly of the most high-end interceptor munitions,” Joshi said.
Joshi further indicated that a sustained campaign would likely extend beyond intercepting incoming projectiles to targeting missile production networks and supply chains inside Iran, an approach designed to degrade long-term replenishment capacity rather than merely blunt immediate attacks.
US Secretary of War Pete Hegseth sought to limit expectations about an extended campaign, stating: “This is not Iraq, this is not endless.”
Meanwhile, Iranian Foreign Minister Abbas Araghchi suggested that military units were operating under standing strategic directives. “Our military units are now in fact independent and somehow isolated and they are acting based on instructions, general instructions given to them in advance,” he told reporters.
If exchanges continue at the current intensity, both offensive and defensive arsenals could begin thinning within weeks.
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