US cost of Iran war nearing $29 billion – Pentagon

US Secretary of Defense Pete Hegseth speaks during a press briefing at the Pentagon in Washington, DC, on April 8, 2026. The United States and Iran agreed to a two-week ceasefire on April 7 barely an hour before President Donald Trump’s deadline to obliterate the country, triggering global relief alongside apprehension. Tehran has agreed to temporarily reopen the Strait of Hormuz, through which much of the world’s oil, gas and fertiliser passes, easing concerns for the battered global economy. (Photo by Mandel NGAN / AFP)

The Pentagon said Tuesday the cost of the war with Iran had climbed to nearly $29 billion, as President Donald Trump faced mounting scrutiny over the conflict and its impact on military readiness.

The new figure, revealed by the Defense Department during a budget hearing on Capitol Hill, is about $4 billion higher than the estimate offered by Defense Secretary Pete Hegseth two weeks ago.

Hegseth and General Dan Caine, chairman of the Joint Chiefs of Staff, were testifying on a $1.5 trillion budget request for 2027 alongside Pentagon finance chief Jules Hurst III when they were asked for an update on the war’s price tag.

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