The Fort Worth Press - Pentagon says US cost of Iran war nearing $29 billion

USD -
AED 3.672503
AFN 64.500995
ALL 81.166471
AMD 363.530609
ANG 1.790365
AOA 916.999708
ARS 1524.975696
AUD 1.427643
AWG 1.80125
AZN 1.697406
BAM 1.723635
BBD 2.01455
BDT 122.977945
BGN 1.683441
BHD 0.377018
BIF 2997.193078
BMD 1
BND 1.277876
BOB 12.05776
BRL 5.211068
BSD 1.000181
BTN 95.952657
BWP 13.657294
BYN 3.019137
BYR 19600
BZD 2.011642
CAD 1.41803
CDF 2325.000081
CHF 0.833235
CLF 0.02445
CLP 965.430476
CNY 6.71045
CNH 6.704835
COP 3368.91
CRC 455.717175
CUC 1
CUP 24.004688
CVE 97.175893
CZK 21.498402
DJF 178.109536
DKK 6.58331
DOP 59.478538
DZD 133.419843
EGP 52.070704
ERN 15
ETB 163.374269
EUR 0.880699
FJD 2.23975
FKP 0.754339
GBP 0.754925
GEL 2.595028
GGP 0.754339
GHS 11.657656
GIP 0.754339
GMD 74.000019
GNF 8797.077629
GTQ 7.636548
GYD 209.280908
HKD 7.845775
HNL 26.851268
HRK 6.633002
HTG 130.898612
HUF 322.636967
IDR 17955
ILS 3.056304
IMP 0.754339
INR 95.898149
IQD 1310.308056
IRR 1374849.999913
ISK 120.480419
JEP 0.754339
JMD 158.34211
JOD 0.708965
JPY 157.1055
KES 129.597618
KGS 87.448302
KHR 4059.204815
KMF 432.999827
KPW 900.000318
KRW 1353.409472
KWD 0.30856
KYD 0.833521
KZT 439.095969
LAK 22442.154059
LBP 89567.332478
LKR 331.075752
LRD 171.53357
LSL 16.386165
LTL 2.95274
LVL 0.60489
LYD 6.398082
MAD 9.687185
MDL 17.748225
MGA 4404.707873
MKD 54.27009
MMK 2099.371601
MNT 3597.221926
MOP 8.083477
MRU 40.048647
MUR 47.610023
MVR 15.459857
MWK 1734.386774
MXN 17.894275
MYR 4.081897
MZN 63.899662
NAD 16.385877
NGN 1324.750174
NIO 36.812303
NOK 9.57631
NPR 153.522722
NZD 1.768175
OMR 0.384498
PAB 1.000181
PEN 3.440545
PGK 4.525445
PHP 62.56196
PKR 277.081154
PLN 3.84452
PYG 5875.587713
QAR 3.645826
RON 4.648598
RSD 103.488054
RUB 84.125337
RWF 1476.771496
SAR 3.756513
SBD 8.026199
SCR 13.832916
SDG 601.504398
SEK 9.971145
SGD 1.27741
SHP 0.754404
SLE 24.59971
SLL 20969.491881
SOS 571.602311
SRD 37.68604
STD 20697.981008
STN 21.591705
SVC 8.752132
SYP 13002.000254
SZL 16.382376
THB 33.517013
TJS 9.206879
TMT 3.5
TND 2.96908
TOP 2.40776
TRY 49.000504
TTD 6.785083
TWD 31.805801
TZS 2635.002955
UAH 44.863071
UGX 3920.877416
UYU 40.098881
UZS 11822.560247
VES 856.71525
VND 25972.5
VUV 118.916544
WST 2.76931
XAF 577.700848
XAG 0.016414
XAU 0.000240682865
XCD 2.70255
XCG 1.802599
XDR 0.707052
XOF 577.700848
XPF 105.104986
YER 236.624983
ZAR 16.37145
ZMK 9001.200677
ZMW 19.578657
ZWL 321.999592
SSP 5712.591901
MXV 2.026037
  • RIO

    -0.3300

    97.04

    -0.34%

  • CMSC

    -0.0400

    20.67

    -0.19%

  • RELX

    0.0000

    33.41

    0%

  • RBGPF

    0.0000

    67.95

    0%

  • BCE

    -0.0700

    21.99

    -0.32%

  • BCC

    -0.0300

    75.66

    -0.04%

  • GSK

    0.8600

    51.08

    +1.68%

  • JRI

    -0.0300

    11.52

    -0.26%

  • NGG

    -0.1200

    76.68

    -0.16%

  • CMSD

    0.0900

    20.54

    +0.44%

  • BTI

    -0.0800

    55.75

    -0.14%

  • AZN

    2.0200

    168.1

    +1.2%

  • BP

    -1.4200

    43.16

    -3.29%

  • RYCEF

    0.4600

    19.7

    +2.34%

  • VOD

    0.0700

    17.02

    +0.41%

Pentagon says US cost of Iran war nearing $29 billion
Pentagon says US cost of Iran war nearing $29 billion / Photo: © AFP

Pentagon says US cost of Iran war nearing $29 billion

The Pentagon said Tuesday the cost of the war with Iran had climbed to nearly $29 billion, as President Donald Trump faced mounting scrutiny over the conflict and its impact on US military readiness.

Text size:

The figure, revealed during a budget hearing on Capitol Hill, is about $4 billion higher than the previous Pentagon estimate given two weeks ago.

Hegseth, Joint Chiefs Chairman Dan Caine and Pentagon finance chief Jules Hurst III were asked about the war's price tag during testimony on the administration's $1.5 trillion 2027 defense budget request.

"At the time of testimony... it was $25 billion," Hurst said, referring to Hegseth's April 29 estimate.

"But the joint staff team and the comptroller team are constantly looking at that estimate, and so now we think it's closer to 29," he said -- citing updated "repair and replacement of equipment costs" and broader operational expenses.

Democrats and other critics of the war have questioned the Pentagon's calculations, suggesting the true cost -- including damage inflicted by Iran -- could be far higher.

Pressed on when Congress would receive a fuller accounting, Hegseth said the administration would request "whatever we think we need" separately from the Pentagon budget, without giving a timeline.

The testimony came as a fragile US-Iran ceasefire appeared increasingly shaky, with Trump warning Monday that the truce was on "life support" after rejecting Tehran's latest peace proposal.

Democrats used the hearing to hammer the administration over the ballooning cost of the war and what they described as a lack of transparency about US objectives.

"The question must be answered at the end: what have we accomplished and at what cost?" asked Rosa DeLauro, the top Democrat on the House Appropriations Committee.

- 'Lack of transparency' -

Betty McCollum of Minnesota accused the Pentagon of a "consistent lack of transparency" and demanded more clarity about the administration's strategy before Congress approves additional funding.

The war has intensified concerns over rapidly depleting US weapons stockpiles after months of heavy missile and air-defense operations in the Middle East.

Hegseth dismissed warnings that the conflict had dangerously drained American munitions reserves.

"The munitions issue has been foolishly and unhelpfully overstated," he said. "We know exactly what we have. We have plenty of what we need."

Democratic Senator Mark Kelly warned over the weekend that inventories of Tomahawk missiles, Patriot interceptors and other advanced weapons had been severely drawn down and could take years to replenish.

The hearings marked Hegseth's first appearance on Capitol Hill since the White House formally notified Congress that hostilities launched by the United States and Israel against Iran on February 28 had "terminated."

Democrats, accusing Trump of waging war without congressional authorization, have repeatedly introduced measures to curb his war powers, only to be blocked by Republicans.

Hegseth and Caine faced a second round of questioning before a Senate panel after their House appearance, and there were anti-war protesters at both hearings.

In the Senate hearing, Democratic Senator Patty Murray said the administration's cost estimate appeared "suspiciously low" because it did not account for damage to US facilities, citing reports that Iran struck at least 228 structures or pieces of equipment at military sites.

Hegseth declined to provide a damage estimate, but argued -- as he has repeatedly since the war began -- that the cost of Iran obtaining a nuclear weapon would be far greater.

Trump has repeatedly claimed US air strikes "obliterated" Iran's nuclear program last year, despite intelligence assessments indicating Tehran was a decade away from developing a missile capable of threatening the United States.

C.Dean--TFWP