Middle East crisis live: US war on Iran has cost around $29bn, Pentagon says
The Pentagon revealed on April 29 that the US war on Iran had cost about $25 billion for roughly two months of spending. Asked if there are any updated costs associated with the war as of today, Jules Hurst III, chief financial official for the Pentagon, said:
TL;DR
- The Pentagon estimates the cost of the war on Iran has risen to nearly $29 billion, up from $25 billion.
- Lebanon reports 380 people killed and 1,122 wounded since the April 17 ceasefire, with Israel intensifying strikes in southern Lebanon.
- Iran's chief negotiator warns that Washington must accept Tehran's peace plan to avoid further failure.
- Saudi Arabia has launched unpublicised strikes on Iran in retaliation for attacks.
- US President Donald Trump reiterates that Iran will not obtain a nuclear weapon and claims the US has Iran 'very much under control'.
- Concerns are raised in Congress about the ongoing hostilities, the legality of the war under Article II of the Constitution, and the impact of the Hormuz Strait closure on global oil prices and the US economy.
- An earthquake of magnitude 4.6 was reported in Tehran, with no immediate reports of casualties or damage.