Pentagon: US cost of Iran war nearing $29 billion

The updated figure was disclosed during a Capitol Hill budget hearing on the administration’s $1.5 trillion 2027 defense budget request, where senior defense officials were pressed on rising war expenditures.

Officials said the increase reflects ongoing reassessments of repair, replacement, and operational costs, while acknowledging that the total continues to be reviewed by Pentagon teams.

Democrats and critics questioned the accuracy of the estimate, arguing that it may not fully account for damage to US assets and could significantly understate the war’s true cost.