US Iran war cost surges past $47 billion as milita...

Summary

• Washington: The cost of the US war against Iran has climbed above $47 billion, according to the latest Pentagon estimate obtained by Reuters, raising fresh questions about the financial burden of a conflict that has also pushed up global energy costs and weighed on President Donald Trump’s political standing.
• The latest figure is more than 25 per cent higher than the estimate provided by the US Department of Defense in July, when Defence Secretary Pete Hegseth put the war’s cost at $37.5 billion.
• With military spending continuing to climb and the full cost of repairing damaged installations still unclear, the latest estimate highlights the growing financial stakes of a war that Washington initially expected to end quickly.

AI Generated Summary

Washington: The cost of the US war against Iran has climbed above $47 billion, according to the latest Pentagon estimate obtained by Reuters, raising fresh questions about the financial burden of a conflict that has also pushed up global energy costs and weighed on President Donald Trump’s political standing.

The latest figure is more than 25 per cent higher than the estimate provided by the US Department of Defense in July, when Defence Secretary Pete Hegseth put the war’s cost at $37.5 billion. The Pentagon has not publicly released its latest estimate and did not immediately respond to a request for comment, Reuters reported on Wednesday.