US costs of Iran war rise to over US$47bil, Pentagon estimates
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latest: 44m ago- Security28 Oct, 01:16
US costs of Iran war rise to over US$47bil, Pentagon estimates
The latest figure was tied to operational costs, with more than US$29 billion projected to replace expended munitions used in the conflict.
- Security28 Oct, 02:52
US Cost Of Iran War Rises Over $47 Billion, 25% More Than Estimated
More than $6 billion would be needed to replace military equipment and so-called "platform losses," which include the loss of aircraft including many drones.
- Security28 Oct, 05:14
US costs of Iran war rise to over $47b, according to Pentagon estimate
The US military has spent over $47 billion so far to prosecute the war in Iran, more than 25 per cent higher than the Defense Department’s estimate in July, according to Pentagon data obtained by Reuters. The Pentagon did not immediately respond to a request for comment on its estimate, which has not been shared publicly. The disclosure about the rising cost of the Iran war comes as Republicans wrestle with the political fallout of the unpopular conflict ahead of the November 3 election that will determine control of Congress for the next two years. The war’s impact on global energy costs has weighed on support for Republican candidates and hurt President Donald Trump’s approval ratings. Trump’s Republican Party holds a narrow majority in both chambers of Congress. The Pentagon’s latest estimate was tied to the operational costs of carrying out the war, with a projected cost of more than $29 billion to replace expended munitions used in the conflict. More than $6 billion would be needed to replace military equipment and so-called “platform losses,” which include the loss of aircraft, including many drones lost during the war. Trump launched the Iran war jointly with Israel in February, predicting that the conflict would last a short time. Trump’s initial strategy in the Iran war focused on first using expensive, high-end precision missiles to bomb Iran’s defenses so it could later use less expensive munitions, including gravity bombs like the air-launched JDAMs, which are plentiful. But an April ceasefire gave time for Iran to dig out underground storage facilities, bringing back online some Iranian defenses, as well as missiles and drones that had been inaccessible. Trump has since imposed a naval blockade on Iran to starve it of oil export revenue and held out the possibility of restarting combat operations after the midterm elections. US officials, speaking on condition of anonymity, say the Pentagon has been planning to restart heavy fighting if ordered to do so. The latest Pentagon estimate compares to Defense Secretary Pete Hegseth’s July estimate of $37.5 billion for the cost of the war. While the figures include a host of operational costs, from flight operations to cyber support, the US military’s Iran war cost estimates did not clearly account for the massive expense expected to repair damage to US bases sustained by Iranian missile and drone attacks.
- Security28 Oct, 20:16
Cost estimate for Iran war rises to more than $47 billion
The U.S. military has spent about 25% more on the war in Iran than estimates projected in July, according to Pentagon data obtained by Reuters.
- Economic29 Oct, 13:30
Iran War Hikes EU’s Oil Import Bill By $11 Billion Per Month
The European Union has been paying $11 billion more to import oil since the Middle East crisis choked crude oil supplies and triggered a global fuel crisis, an analysis by Euronews Business showed on Thursday. The value of the EU’s petroleum imports jumped by 55.8% in the second quarter of 2026, despite the relatively stable volume of imports, according to Eurostat data. Between April and July, right after the closed Strait of Hormuz hiked oil prices, the EU spent an average of $30.7 billion (27.6 billion euros) per month on petroleum oil…
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