$25bn or $1 trillion: How much has Iran war really cost the US?
US Defense Secretary Pete Hegseth clashed with lawmakers over the cost of the Iran war, with the Pentagon estimating $25bn spent so far, while Democrats believe the actual cost could be between $630bn and $1 trillion. The conflict has led to increased gas prices in the US, hitting a new high at $4.23 a gallon.
The US Pentagon told a House Armed Services Committee hearing that the US had spent $25bn on its war on Iran, largely on munitions and equipment maintenance. However, Democratic leaders and economists believe this number is a significant underestimate, with the actual cost to the US economy potentially amounting to between $630bn and $1 trillion. The conflict, now in its third month, has killed at least 3,375 people in Iran and resulted in 14 US combat-related deaths. The US military has confirmed over 200 injuries among its service members. The Trump administration has asked for a $1.5 trillion defence budget for next year, a 42 percent increase. Gas prices in the US have hit a new high at $4.23 a gallon due to the conflict, leading to a record low approval rating for President Trump.
This content was automatically generated and/or translated by AI. It may contain inaccuracies. Please refer to the original sources for verification.