Pentagon Lifts Iran War Cost to $29 Billion as Ceasefire Hangs on Life Support

14 articles · Updated · USA TODAY · May 12

$29 billion is the Pentagon’s new estimate for the Iran war nine weeks into the conflict, up from $25 billion last week.
Updated repair and replacement costs plus higher operating expenses drove the revision, with $24 billion already tied to munitions and equipment.
Pete Hegseth told lawmakers the administration has plans to escalate, deescalate or shift assets, while seeking a $1.5 trillion defense budget and more than $200 billion in supplemental war funding.
The fragile truce remains under strain after Trump rejected Iran’s offer to reopen the Strait of Hormuz, and Gen. Dan Caine said the military had planned for a possible closure.
The war’s economic toll is widening: gas averaged about $4.50 a gallon, oil traded near $108 a barrel, inflation hit 3.8%, and a Reuters/Ipsos poll found 66% say Trump has not made the case for war.

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