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US puts Iran war cost at $37.5 billion

by Blitz India Media
July 22, 2026
in News
0
Hegseth

Blitz Bureau

NEW DELHI: US Defence Secretary Pete Hegseth told senators that the war with Iran has cost an estimated $37.5 billion, as the Trump administration sought nearly $88 billion in emergency funding amid renewed fighting in the Strait of Hormuz.

Hegseth disclosed the figure during a Senate Appropriations Committee hearing on President Donald Trump’s supplemental funding request. The administration is seeking $87.6 billion, including about $67 billion for the military.

“The estimate we have as of today is $37.5 billion,” Hegseth said in response to questions from Democratic Senator Richard Durbin.

Hegseth said the estimate covered some costs incurred so far and anticipated military pay, operations and maintenance expenses through September 30.

The request would provide $21 billion for military readiness, including pay, equipment replacement, forward-deployed forces, fuel and National Guard support. Another $46 billion would expand production of munitions and accelerate investments in hypersonic weapons, counter-drone systems, satellites and other capabilities.

Hegseth said training exercises could be curtailed if Congress failed to approve additional funds. He argued that the military was confronting years of deferred maintenance and depleted weapons stocks.

“Without these funds, we face critical shortfalls that threaten our ability to also simply pay our service members, rapidly replenish equipment and munitions, and sustain vital operations without disruption,” he said.

Democrats questioned why the Pentagon needed more money when it still had roughly $75 billion in unobligated funds from an earlier spending package.

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