US Secretary of Defense Hegseth reports $37.5 billion cost for Iran operations
Secretary of Defense Pete Hegseth testified that US military operations related to Iran have reached $37.5 billion, an increase from the $29 billion estimate provided in May. The disclosure supports a request for $67 billion in additional emergency defense funding, though the specific scope of operations included in this cost calculation remains opaque.
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US-Iran Conflict: Escalation, Ceasefire Proposal, and Red Sea Disruptions
The US-Iran conflict is escalating with unverified reports of US ATACMS strikes on Iranian targets in Khuzestan and confirmed Iranian drone/missile exchanges with the UAE. Simultaneously, mediators await Iran's response to a proposed 10-day ceasefire, indicating a potential diplomatic off-ramp amidst increasing military activity. Houthi threats continue to disrupt Red Sea shipping, impacting global energy logistics.