Iran War Enters 100th Day With Ceasefire Holding Longer Than Fighting

U.S. and Israeli forces conducted strikes against Iran and its proxies for 39 days beginning February 28, while a ceasefire has now been in place for 61 days as of June 7. Secretary of State Marco Rubio stated on May 5 that Operation Epic Fury had concluded and repeated on June 3 that the campaign had degraded Iran’s conventional military capabilities and its stock of missiles and drones.

Iran’s closure of the Strait of Hormuz removed 25 percent of global crude oil supply and 20 percent of liquefied natural gas supply starting February 28, driving immediate price increases. The U.S. average price for regular gasoline reached $4.35 per gallon in May, approaching the $4.84 record set in 2022 and exceeding the $4.05 level recorded during the 2008 financial crisis.

A Brown University tracker calculated that U.S. consumers have paid an additional $54.9 billion in fuel costs since the war began, averaging more than $418 per household. The International Energy Agency reported that more than 1 billion barrels of oil remain shut inside the Persian Gulf.

The commodities firm Kpler stated that Iranian crude exports have fallen below 300,000 barrels per day from a pre-blockade average of 2 million barrels per day. At least 55 governments have introduced measures to offset higher energy costs, while 91 countries are providing consumer subsidies and 24 nations are making structural changes to their energy systems.

U.S. and Israeli forces launched at least 3,145 strikes inside Iran, of which 110 were intercepted, according to Armed Conflict Location & Event Data. Iran conducted 1,726 retaliatory strikes, with 878 intercepted as of June 2. The Pentagon estimated spending $11.3 billion in the first six days of the conflict and later reported total costs of $29 billion through mid-May.

A Congressional Research Service report listed 42 U.S. aircraft lost or damaged, including two dozen MQ-9 Reaper drones, four F-15E Strike Eagle jets, one E-3 Sentry, and six KC-135 tankers. The Pentagon’s acting comptroller told the House Appropriations Committee on May 12 that the war had consumed more Tomahawk missiles than any prior U.S. campaign, with over 1,000 fired.