Cost of Iran war rises to $29B as US gas prices spike

By: Ashley Murray

Outlets: DC Bureau (States Newsroom)

Published: May 12, 2026

Words: 646

Last Updated: 1 month, 2 weeks ago

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WASHINGTON — The cost of the Iran war has increased to $29 billion to date, Pentagon officials told lawmakers in both chambers Tuesday.

Secretary of Defense Pete Hegseth, Chairman of the Joint Chiefs of Staff Dan Caine and Department of Defense acting comptroller Jules Hurst faced questions from House and Senate appropriators over several hours of testimony on the administration’s Pentagon budget request and the direction of the U.S. operation in Iran and the Strait of …

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