Iran has suffered extensive economic losses estimated between $140 billion and $145 billion following six weeks of war with Israel and the United States, according to open-source intelligence assessments.
Beyond the financial impact, the conflict is believed to have caused significant military damage, including hits to Iran’s naval assets, ballistic missile program, nuclear infrastructure, and personnel. The estimates, based on Iranian and open-source reporting, point to widespread degradation across key elements of Iran’s military capabilities.
According to the assessments, Iran sustained approximately 2,076 fatalities and around 26,500 injuries, including thousands of military personnel. More than 66% of missile and drone production facilities, as well as shipbuilding infrastructure, were reportedly destroyed. In addition, between 160 and 190 ballistic missile launchers were eliminated, with hundreds more rendered inoperable.
Strikes targeting Iran’s nuclear program, including facilities in Natanz, Yazd, and Arak, are believed to have set back development by an estimated 8 to 15 years.
“Historic victory on the battlefield”
US Defense Secretary Pete Hegseth said on Wednesday that the campaign amounted to a “historic victory on the battlefield.” Speaking at the White House following the ceasefire announcement, he said, “By every measure, we destroyed the Iranian military. In less than 40 days, using just a fraction of our capabilities, we defeated one of the largest armies in the world.”
He added that Iran’s naval forces, air force, air defenses, and missile program had been “effectively destroyed,” and argued that the country’s new leadership had agreed to a deal due to a lack of viable options.
“They know they will never have a nuclear weapon,” he said, adding that prohibited nuclear materials would be removed from the country under the agreement.