A major factor that could limit hostilities in Iran and the Middle East is munitions — what weapons each side is using, and how quickly they might run out.

On today’s Big Take podcast, Sarah Holder talks to Bloomberg global defense editor Gerry Doyle and Bloomberg Economics defense lead Becca Wasser about how long the US and Iran can carry on missile and drone strikes, what happens next in the region and what opportunity cost the US could pay for picking this battle now.

Read more:
Iran’s Missile Math: $20,000 Drones Take on $4 Million Patriots
Ukraine Offers Help Downing Iran Drones in Exchange for Patriot Missiles

Hosted by Sarah Holder; Produced by Julia Press; Reported by Gerry Doyle and Becca Wasser (Bloomberg Economics); Edited by Jeffrey Grocott.

Fact-checking by David Fox and Rachael Lewis-Krisky; Engineering by Katie McMurran.

Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver; Executive Producer: Nicole Beemsterboer.

A major factor that could limit hostilities in Iran and the Middle East is munitions &mdash; what weapons each side is using, and how quickly they might run out.
On today&rsquo;s Big Take podcast, Sarah Holder talks to Bloomberg global defense editor Gerry Doyle and Bloomberg Economics defense lead Becca Wasser about how long the US and Iran can carry on missile and drone strikes, what happens next in the region and what opportunity cost the US could pay for picking this battle now.
Read more:
<ul>
<li aria-level="1"><a href="https://www.bloomberg.com/news/articles/2026-03-02/iran-strikes-missile-math-20-000-iranian-drones-take-on-4-million-patriots">Iran&rsquo;s Missile Math: $20,000 Drones Take on $4 Million Patriots</a></li>
<li aria-level="1"><a href="https://www.bloomberg.com/news/articles/2026-03-05/ukraine-offers-help-downing-iran-drones-in-exchange-for-patriots">Ukraine Offers Help Downing Iran Drones in Exchange for Patriot Missiles</a></li>
</ul>
Hosted by Sarah Holder; Produced by Julia Press; Reported by Gerry Doyle and Becca Wasser (Bloomberg Economics); Edited by Jeffrey Grocott.
Fact-checking by David Fox and Rachael Lewis-Krisky; Engineering by Katie McMurran.
Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver; Executive Producer: Nicole Beemsterboer.

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

Big Take

Iran War Could Hinge on Who Runs Low on Munitions First

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/6cf086f9-2669-4568-9de8-b4080163d4c1/transcript