Close Menu
Chronicle NG
    Trending Stories
    Mock-up of a US commemorative passport featuring Donald Trump portrait and America250 anniversary design elements.

    US to issue limited-edition Trump commemorative passports

    April 30, 2026
    NMDPRA CEO Saidu Mohammed sacked while on official duty in Germany

    NMDPRA CEO Saidu Mohammed sacked while on official duty in Germany

    April 30, 2026
    Atiku Abubakar criticises Bola Tinubu over insecurity and re-election comments

    Atiku to Tinubu: Blood of innocent Nigerians will judge your administration

    April 30, 2026
    Facebook X (Twitter) Instagram
    Trending
    • US to issue limited-edition Trump commemorative passports
    • NMDPRA CEO Saidu Mohammed sacked while on official duty in Germany
    • Atiku to Tinubu: Blood of innocent Nigerians will judge your administration
    • US-Iran war cost hits $25bn as Pentagon reveals spending
    • Obi slams Tinubu, says borrowing for consumption is ‘killer cancer’
    • Turaki’s PDP faction loses as Supreme Court voids Ibadan convention
    • Burnley name Mike Jackson interim manager
    • NNPC completes River Niger crossing of OB3 gas pipeline
    Facebook X (Twitter) Instagram
    Chronicle NGChronicle NG
    Subscribe
    Thursday, April 30
    • News
      • Nigeria News
      • World News
      • Headlines News
    • Politics
    • Business
    • Sport
    • Entertainment
    • Contact Us
    Chronicle NG

    US-Iran war cost hits $25bn as Pentagon reveals spending

    Opalim LiftedBy Opalim LiftedApril 30, 2026No Comments3 Mins Read
    Facebook Twitter Telegram WhatsApp
    US-Iran war cost hits $25bn as Pentagon reveals first figure
    US soldiers
    Facebook Twitter WhatsApp

    The United States’ military campaign against Iran has cost an estimated $25 billion so far, marking the first official figure disclosed by the Pentagon.

    Jules Hurst, a senior defence official serving as comptroller, told the House Armed Services Committee that the bulk of the spending went on munitions, according to Reuters. However, he did not clarify whether the estimate includes long-term costs such as rebuilding damaged bases across the Middle East.

    The revelation prompted a sharp response from Adam Smith, the top Democrat on the committee, who said lawmakers had been pressing for clarity on the war’s cost for months.

    The $25 billion figure is roughly equivalent to the entire annual budget of NASA, underlining the scale of the financial burden.

    Questions remain over how the Pentagon reached the estimate. A source previously told Reuters that the first six days of fighting alone cost at least $11.3 billion under the administration of Donald Trump.

    Defending the expenditure, Defence Secretary Pete Hegseth argued that the cost was justified by the strategic objective of preventing Iran from acquiring nuclear weapons.

    “What would you pay to ensure Iran does not get a nuclear bomb?” he asked lawmakers, pushing back against criticism.

    • UAE quits OPEC amid Iran war, deals blow to Saudi-led bloc

    Hegseth also rejected claims that the conflict had become a prolonged and unwinnable engagement, criticising Democratic opponents as “reckless” and “defeatist”.

    Rising toll and fragile ceasefire

    The conflict began on February 28, when the United States launched strikes on Iranian targets. Despite a fragile ceasefire now in place, tensions remain high.

    The Pentagon has deployed tens of thousands of additional troops to the region, including three aircraft carriers. At least 13 US service members have been killed, with hundreds more wounded.

    Economic shockwaves

    Beyond the battlefield, the war is having significant economic consequences. Disruptions to oil and gas supplies have driven up global energy prices, contributing to rising costs for fuel and agricultural inputs.

    US gasoline prices have climbed to their highest level in nearly four years, according to the American Automobile Association, adding pressure on households already grappling with inflation.

    Global markets have also reacted sharply. Oil prices surged, with Brent crude briefly jumping above $126 per barrel, as fears grow that the conflict could drag on longer than expected.

    Political fallout

    Public support for the war is weakening. A Reuters/Ipsos poll shows just 34% of Americans approve of the conflict, a steady decline in recent weeks.

    The falling approval ratings have raised concerns among Republican insiders about the electoral impact ahead of November’s crucial congressional elections.

    Meanwhile, uncertainty persists over diplomatic efforts. Iran has proposed reopening the Strait of Hormuz, a key global shipping route, but Washington remains sceptical about Tehran’s intentions.

    Share. Facebook Twitter Telegram WhatsApp

    Keep Reading

    Mock-up of a US commemorative passport featuring Donald Trump portrait and America250 anniversary design elements.

    US to issue limited-edition Trump commemorative passports

    NMDPRA CEO Saidu Mohammed sacked while on official duty in Germany

    NMDPRA CEO Saidu Mohammed sacked while on official duty in Germany

    Atiku Abubakar criticises Bola Tinubu over insecurity and re-election comments

    Atiku to Tinubu: Blood of innocent Nigerians will judge your administration

    Obi queries Tinubu’s N3.3tn power debt payment plan

    Obi slams Tinubu, says borrowing for consumption is ‘killer cancer’

    Turaki-led PDP asks Amupitan to explain Wike’s gifts to INEC staff

    Turaki’s PDP faction loses as Supreme Court voids Ibadan convention

    NNPC OB3 gas pipeline River Niger crossing project using HDD technology in Nigeria

    NNPC completes River Niger crossing of OB3 gas pipeline

    Subscribe to News

    Be the first to get the latest news updates from ChronicleNG about world, sports, politics etc

    Mock-up of a US commemorative passport featuring Donald Trump portrait and America250 anniversary design elements.

    US to issue limited-edition Trump commemorative passports

    April 30, 2026
    NMDPRA CEO Saidu Mohammed sacked while on official duty in Germany

    NMDPRA CEO Saidu Mohammed sacked while on official duty in Germany

    April 30, 2026
    Atiku Abubakar criticises Bola Tinubu over insecurity and re-election comments

    Atiku to Tinubu: Blood of innocent Nigerians will judge your administration

    April 30, 2026
    US-Iran war cost hits $25bn as Pentagon reveals first figure

    US-Iran war cost hits $25bn as Pentagon reveals spending

    April 30, 2026
    Obi queries Tinubu’s N3.3tn power debt payment plan

    Obi slams Tinubu, says borrowing for consumption is ‘killer cancer’

    April 30, 2026
    Facebook X (Twitter) Instagram
    • Politics
    • News
    • Sports
    • Business
    • About Us
    © 2026 ChronicleNG

    Type above and press Enter to search. Press Esc to cancel.