Cost Of Iran War Has Increased $4 Billion From Initial Estimate, Pentagon Says

Date:

Share post:

Topline

The cost of the Iran war has ballooned $4 billion since the Pentagon’s last public estimate less than two weeks ago, officials said Tuesday—though the economic costs of the war are likely significantly higher.

Key Facts

The war has cost around $29 billion, Defense Department Comptroller Jay Hurst told Congress Tuesday, attributing the increase to “updated repair and replacement of equipment cost and also just general operational cost.”

Hurst previously told Congress at the end of April the war has cost $25 billion so far.

This is a developing story and will be updated.

Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Related articles

Viktor Hovland Beats Scottie Scheffler To Win Travelers Championship

CROMWELL, CONNECTICUT - JUNE 29: Viktor Hovland of Norway celebrates with the trophy after winning the Travelers Championship...

Warren Buffett Annual Donation To Gates Foundation—Waits For Its Review Into Epstein Links

ToplineBillionaire Warren Buffett will not make a midyear donation to the Gates Foundation for the first time in...

Seven Signals That Will Reveal AI’s True Economic Impact

Business leader looking for the best path.gettyThe pace of economic impact of artificial intelligence is not easily predicted,...

AI Data Centers Hit Energy Transition Wall as Grids Stall 2500 GW

The collision between surging AI demand and legacy grid timelines is reshaping infrastructure strategy.gettyrtificial intelligence's next infrastructure bottleneck...