Iran Conflict's Escalating Cost for US Reaches $12 Billion and Beyond
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US Spends $12 Billion on Iran War; Economic Adviser Says No Major Threat
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Firstpost•16-03-2026, 11:05
US Spends $12 Billion on Iran War; Economic Adviser Says No Major Threat
•The West Asia conflict, which began on February 28, has cost the US approximately $12 billion so far.
•Kevin Hassett, White House National Economic Council Director, dismissed claims of a significant economic threat to the US, citing its oil production capacity.
•Hassett stated financial markets anticipate a swift resolution, leading to lower energy prices, contradicting reports of surging fuel costs.
•The $12 billion figure reflects direct military spending; economists project a prolonged conflict could cost $40-$95 billion.
•The conflict has resulted in 1,444 deaths in Iran, 13 US soldiers killed, 140 wounded, and has spread to Lebanon and Gulf countries.
