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Iran War Costs Estimated at $37.5 Billion

Wall Street Journal Markets •
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The potential cost of a war in Iran could reach approximately $37.5 billion, according to testimony provided to the Senate Appropriations Committee by Defense Secretary Hegseth. This figure represents a $9 billion increase from the Pentagon's previous estimate.

The updated projection incorporates operational and maintenance expenses, alongside military personnel salaries. Lawmakers from both parties have been urging Hegseth for greater transparency regarding the war's financial implications and strategic objectives.

This economic outlook coincides with escalating risks to global oil supplies, exacerbated by ongoing disruptions in the Red and Black seas. The article also briefly mentions Israel's current stance on the latest U.S. military actions in Iran.