As negotiations regarding Iran's military capabilities commence in Islamabad, US intelligence assessments reveal that Tehran still maintains a significant stockpile of ballistic missiles, estimated in the thousands. Although the ongoing conflict has diminished Iran's military strength, with over half of its missile launchers reportedly destroyed or damaged, many can be repaired or retrieved from underground storage. Israeli officials suggest Iran retains over 1,000 medium-range missiles from an original stock of approximately 2,500. Contrasting views within the US administration highlight a divide, with Defence Secretary Pete Hegseth claiming Iran's missile program is nearly ineffective, while intelligence suggests it can rebuild its capabilities. Iran's underground missile facilities pose a significant challenge for US and Israeli forces, complicating efforts to neutralize its military potential. Despite a reduction in drone capabilities, Iran's potential to acquire similar systems from external sources remains. As negotiations unfold, experts warn that Iran's remaining military power could significantly influence stability in the Gulf region.