Pentagon Reports War Costs with Iran Approaching $29 Billion
Pentagon says US cost of Iran war nearing $29 billion
The Economic Times
Image: The Economic Times
The Pentagon announced that the cost of the ongoing conflict with Iran has reached nearly $29 billion, a significant increase from previous estimates. This revelation comes amid heightened scrutiny of President Donald Trump's handling of the war and its implications for military readiness.
- 01The cost of the war with Iran has risen to nearly $29 billion.
- 02This figure is approximately $4 billion higher than earlier estimates.
- 03The announcement was made during a budget hearing on Capitol Hill.
- 04Pentagon officials are continuously updating cost estimates related to the conflict.
- 05The report adds to the scrutiny faced by President Trump regarding military readiness.
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The Pentagon disclosed that the cost of the war with Iran has escalated to nearly $29 billion, an increase of about $4 billion from the previous estimate provided by Defense Secretary Pete Hegseth. This update was shared during a budget hearing in Washington, where Hegseth, alongside General Dan Caine (chairman of the Joint Chiefs of Staff) and Pentagon finance chief Jules Hurst III, discussed the $1.5 trillion budget request for 2027. Hurst noted that the previous estimate of $25 billion was revised as the joint staff and comptroller continually assess the financial impact of the conflict. The rising costs of the war have intensified scrutiny on President Trump's administration, particularly concerning its effects on military readiness and overall strategy.
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The rising costs of the war could lead to budget reallocations affecting domestic programs and military readiness.
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