Hegseth Grills with Lawmakers as Iran War Price Tag Hits $25 Billion
US Defense Secretary Pete Hegseth faces contentious questioning at Senate Armed Services Committee hearing as Iran war costs surpass $25 billion.
Iran War
Pentagon Estimates Iran War Cost at $25 Billion, Excludes US Base Rebuilding Expenses
Pentagon officials reveal the Iran war has cost $25 billion so far, but this figure does not include the expense of rebuilding damaged US military bases.
Trump Threatens to Pull Troops From Germany Amid NATO Strains Over Iran Dispute
Trump threatens to reduce US troop presence in Germany after Chancellor Merz criticizes his Iran policy, marking the latest escalation in transatlantic tensions over the Iran conflict.
Hegseth Testifies Before Congress for First Time Since Iran War Began
US Defense Secretary Pete Hegseth and Joint Chiefs Chair Dan Caine testify under oath for the first time since the Iran war began, defending the 2027 Pentagon budget before Congress.
USS Gerald R. Ford to Depart Middle East as Iran War Costs Reach $25 Billion
The U.S. Navy announced that the world’s largest nuclear-powered aircraft carrier, USS Gerald R. Ford, will return to Norfolk, Virginia in the coming days after a record-breaking deployment to the Middle East. The estimated cost of the Iran conflict has now reached $25 billion.
US Budget Airlines Seek $2.5 Billion Federal Bailout as Iran War Drives Fuel Costs
The Association of Value Airlines, representing Spirit, Frontier, Allegiant, and Breeze, is seeking $2.5 billion in federal aid as the Iran war drives jet fuel prices to crippling levels for discount carriers.
BP Profits More Than Double as Iran War Sends Oil Prices Soaring
British Petroleum reports profits more than doubling year-over-year in its first quarter, driven by soaring global oil prices amid the Iran conflict.
Iran War Sparks Global Energy Panic as Electric Vehicle Demand Surges Worldwide
The Middle East conflict continues to drive up global fuel prices, triggering a surge in electric vehicle sales across Australia, Vietnam, Japan, South Korea, and beyond. Analysts say this could lead to a permanent acceleration in EV adoption in emerging markets.
UK Minister Warns Iran War Price Impacts Could Last Eight Months
A UK government minister warns that supply chain disruptions from the Iran war could keep prices elevated for up to eight months, as officials monitor stock levels and prepare contingency plans.
NATO Rift Deepens as Trump Furious Over Europe's Refusal to Join Iran War
President Trump’s fury over European NATO members’ refusal to join the US-Israeli war on Iran is widening divisions within the alliance, with reports suggesting he is considering measures against the UK and Spain.