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U.S. Department of Defense: The cost of the Iran war has risen to $29.0 billion, and some estimates suggest the actual cost may be close to $200 billion.
BlockBeats News. On May 12, U.S. Department of Defense officials said that the war cost between the United States and Iran has increased by an additional $4 billion compared with two weeks ago, and the cumulative total is now about $29 billion. At a congressional hearing on Tuesday, U.S. Department of Defense Comptroller Jay Hurst said that the cost increase is mainly due to “updated equipment repair and replacement expenses, as well as increased overall operational expenditures.”
Previously, at the end of April, Hurst told Congress that the total war cost was about $25 billion. Reports said that although the Pentagon’s current publicly estimated cost is $29 billion, some external organizations believe that if long-term military deployments, energy market shocks, and macroeconomic impacts are included, the overall economic cost of this conflict could be close to $200 billion.