Washington: The Pentagon announced that the total cost of American-led military operations against Iran has risen to nearly USD 29 billion, marking an increase of USD 4 billion compared to estimates released in late April 2026.
The US Department of Defense attributed the increase in expenditure primarily to the costs associated with maintaining and repairing military equipment, replacing damaged components and covering higher operational expenses in the region.
The department stated that the financial estimates remain subject to continuous review by the Joint Chiefs of Staff and the Pentagon’s audit and financial oversight teams.
Meanwhile, US President Donald Trump’s proposed federal budget for fiscal year 2027 allocates nearly USD 1.5 trillion for defense spending.
more recommended stories
Aid and Fuel Trucks Re-Enter Gaza After Temporary Crossing ClosureHumanitarian Aid, Fuel Deliveries to Gaza.
China’s Exports Rise 19.4% in May as Imports Jump 27.4%China’s Exports, Imports Register Strong Growth.
Gold Prices Hold Steady Near Two-Month Low in Global TradingGold Prices Hold Steady Near Two-Month.
Copper Prices Rise More Than 1% on Lower Inventories and Improved Market SentimentCopper Rebounds After Sharp Losses as.
DR Congo Ebola Cases Rise to 544, Africa CDC ReportsKinshasa: The number of confirmed Ebola cases.
Gulf Stock Markets Decline Amid Renewed Middle East TensionsMuscat: Most Gulf stock markets closed.
STOXX 600 Falls to Two-Week Low Amid Middle East TensionsSTOXX 600 Drops 0.9% on Geopolitical.
Dollar Holds Near Two-Month High After Strong US Jobs ReportFederal Reserve Outlook Supports Dollar Near.
Gold Prices Extend Losses Amid US Rate Hike ConcernsSingapore: Gold prices continued to decline.
Russian Strikes Leave Casualties in Southeastern UkraineRussian Attack Damages Infrastructure and Homes.

