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U.S. Department of Defense: The cost of the Iran war has risen to $29 billion, with some estimates suggesting the actual cost may be close to $200 billion.
Golden Finance reports that on May 12th, a U.S. Department of Defense official stated that the war costs of the conflict between the United States and Iran have increased by an additional $4 billion compared to two weeks ago, now totaling approximately $29 billion.
U.S. Department of Defense Comptroller Jay Hurst said at a congressional hearing on Tuesday that the cost increase mainly stems from “updating equipment maintenance and replacement costs, as well as an overall increase in operational expenses.”
Previously, at the end of April, Hurst told Congress that the total war cost was about $25 billion.
The report points out 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 approach $200 billion.