Their rulers insist not but they are burning through their stockpiles fast
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The pace far outstrips that seen in Ukraine. Stocks are under severe pressure
Shortages in Israel and the Gulf could determine the war’s course
Gulf states could join the conflict
Deals with Saudi Arabia, Qatar and the United Arab Emirates show it is now a defence-industry power
The conflict, and the government, are depleting margins
Also on the daily podcast: Missile interceptors and Ali Khamenei obit
