After more than a month of truce, the diplomatic route is stalled between Washington and Tehran. Meanwhile, the Pentagon has reassessed the cost of the conflict.
A B1 bomber, from the US Air Force, in March 2026 (illustration) (AFP / HENRY NICHOLLS)
The Pentagon has reassessed the cost so far of the war in Iran at nearly $29 billion, its financial manager announced Tuesday during a new parliamentary hearing, alongside US Defense Minister Pete Hegseth.
This amount is up by almost four billion compared to the estimate put forward two weeks earlier during a previous face-to-face meeting with American parliamentarians, then the first hearing of the head of the Pentagon since the start of the war at the end of February.
“At that time, it was 25 billion dollars. But the general staff and the (financial) controller
are constantly reviewing the estimates and we now think it’s closer to 29″ billion,
explained financial manager Jules Hurst, present alongside Pete Hegseth and the chief of staff of the American army, General Dan Caine.
The “biggest energy shock” ever known, according to Aramco
The United States and Israel launched a vast offensive against Tehran on February 28. A ceasefire has been in force for more than a month but Donald Trump described it as “on life support” on Monday, and negotiations between Washington and Tehran aimed at putting a lasting end to the war in the Middle East are stalling.
Outside the United States, the boss of the Saudi oil giant Aramco estimated that the war, which left thousands dead mainly in Iran and Lebanon, triggered the “greatest energy shock” ever experienced in the world.
