Pentagon seeks additional funding as cost of Iran war tops $29 billion
🔴 Tension RisingMilitary Times2026-05-12
The United States has spent an estimated $29 billion in the war against Iran, reflecting increased military spending. Limited exchanges of fire near the Strait of Hormuz and American responses continue to escalate tensions. The President dismissed Iran's proposal as 'garbage' and maintains plans for escalation and retrograde if necessary.