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Pentagon says US cost of Iran war nearing $29 billion

Al Monitor 2026/05/12 19:10

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 military readiness.

The new figure, revealed by the Defense Department during a budget hearing on Capitol Hill, is about $4 billion higher than the estimate offered by Defense Secretary Pete Hegseth two weeks ago.

Read full story at source (Al Monitor)