Jules Hurst

The cost of the U.S. war with Iran has reached $29 billion, with rising fuel prices contributing to a 3.8% annual inflation rate. Pentagon officials testified to lawmakers about the budget and conflict impacts, while critics raised concerns over spending transparency and economic effects. The war has disrupted oil traffic in the Strait of Hormuz, a critical global energy corridor.

Defense Secretary Pete Hegseth testified before the House Armed Services Committee about the Pentagon's $1.5 trillion budget request, clashing with Democrats and accusing opponents of the Iran war of being enemies. Acting Pentagon comptroller Jules Hurst disclosed the conflict has cost the U.S. $25 billion.