Middle East crisis live: US war on Iran has cost around $29bn, Pentagon says
🔴 Tension RisingGuardian-MiddleEast2026-05-12
The Pentagon stated that the cost of the US war on Iran has reached approximately $29 billion, citing increased equipment repair and operational costs. Despite the Pentagon's claim that the war has ended, concerns remain regarding rising oil prices due to the closure of the Strait of Hormuz and the casualties. The Trump administration asserts it possesses sufficient authority to resume the war, while the Department of Defense expresses skepticism about Iran's willingness to negotiate.