US can destroy the entire Iranian economy that rests on oil. The only thing that stopping them right now seems like a fantasy by Trump that post-war Iran will become a Venezuela. Iran could then damage the Gulf oil facilities but does not have the same capabilities to completely destroy the facilities, due to problems getting the ammunitions to the targets
> I think the truth of all of this is that the US and Israel have no way to wipe out Iran's missile and drone capabilities
Everyday Israel is bombing the entire supply chain for drones and ballistic missiles in Iran. That means the companies making the explosives, optics, fins, stabilizers, engines, etc. The amount of destruction will greatly set back the Iranian ability to replenish their stockpiles and should also affect the war in Ukraine.
Iranian ballistic missile capability, at least the long range one is limited by its amount of launchers, and these are also hunted rather effectively.
I wouldn't underestimate complete air superiority, as the ability of the US and Israel to cause damage to Iran is far greater than otherwise, and Iran entire economy is concentrated on a very small number of targets