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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.
Mars Finance News, May 12 — U.S. Department of Defense officials stated that the cost of the conflict between the United States and Iran has 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 rising costs are mainly due to “updating equipment maintenance and replacement expenses, as well as increased overall operational expenditures.”
Previously, Hurst told Congress at the end of April that the total war cost was about $25 billion.
The report pointed 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.