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US Strikes Iranian Island, Says War Has Cost $37.5 Billion

Pentagon officials said the campaign has cost $37.5 billion as US strikes continue to target Iranian military sites and shipping threats.

  • On Wednesday, the United States military struck Larak Island in the Strait of Hormuz, with President Donald Trump warning he was "not finished" with the five-month-old conflict.
  • Pentagon chief Pete Hegseth defended additional military funding on Tuesday, citing the war's $37.5 billion cost as Trump faces intense political pressure to end the unpopular conflict.
  • Brent Crude soared 4.4 percent to top $95 a barrel on Wednesday, while maritime intelligence provider Vanguard Tech reported tankers "reversed course" in the Red Sea after threats to Saudi ports.
  • Iran's Khatam Al-Anbiya military command threatened to "consider it as an expansion of war in the region" if attacks continued, while Kuwait, Bahrain, and Jordan reported incoming strikes from Tehran.
  • Top US diplomat Marco Rubio stated "we remain open to working it out in a negotiated way," while IAEA chief Rafael Grossi urged immediate inspections of Iran's stockpile near Natanz.
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The United States resumed attacks on Iran, where on Wednesday an air raid alert was launched in Tehran, after US President Donald Trump warned that "it did not end the war, the cost of which is rising dramatically for Washington. US Secretary of Defense Pete Hegseth estimated Tuesday that Iran's war has cost US $37.5 billion so far," France announces24.

·Bucharest, Romania
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France24France24
+7 Reposted by 7 other sources
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US hits Iranian island, says war cost at $37.5 bn

Fighting over the strategic strait led to the collapse of a preliminary deal between the United States and Iran, but top US diplomat Marco Rubio again reiterated Washington's stance that it was willing to find a negotiated agreement with Tehran. "We remain open to working it out in a negotiated way. But right now, they don't seem to be serious about that," Rubio said at a Southeast Asia ministers' meeting in Manila. He insisted that the US was r…

·Issy-les-Moulineaux, France
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Naftemporiki broke the news on Wednesday, July 22, 2026.
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