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Iran live updates: Iran war has cost at least $29B, Pentagon official says

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Iran live updates: Iran war has cost at least $29B, Pentagon official says
United States Latest News,United States Headlines

Two weeks ago the official testified the cost was $25 billion.

Last updated: Tuesday, May 12, 2026 2:25PM GMT President Donald Trump announced "major combat operations" against Iran on Feb. 28, with massive joint U.S.-Israeli strikes targeting military, government and infrastructure sites.

Following the announcement of a two-week ceasefire, initial U.S.-Iran talks in Pakistan in April failed to reach a peace deal. Trump later announced the open-ended extension of the ceasefire and the continuation of a U.S. blockade until negotiations are concluded "one way or the other.

"Iran war has cost at least $29 billion, Pentagon official says The Iran war is estimated to have cost $29 billion, acting Pentagon comptroller Jules W. Hurst III told lawmakers Tuesday morning during a House Appropriations hearing. Hurst said the updated number comes after accounting for, "replacement of equipment costs and also just general operational costs keep people in theater.

" Rep. Pete Aguilar, D-Calif. , asked Secretary of Defense Pete Hegseth when Congress would get a more detailed accounting for war costs. President Donald Trump told Fox News journalist John Roberts he is considering restarting Project Freedom, but noted that the U.S. Navy's role in allegedly "guiding" ships through the Strait of Hormuz would "only be a piece of it.

" Cargo ships are seen at sea in the Gulf of Oman near the Strait of Hormuz, as viewed from a rocky shoreline near Khor Fakkan, United Arab Emirates, Friday, May 1, 2026. Project Freedom went into effect exactly one week ago before Trump abruptly paused it Tuesday evening. According to Fox News, Trump expressed confidence in Iran complying with his demands, saying "they're going to fold.

" On Sunday, Trump blasted Iran's response to the U.S. proposal, calling it "totally unacceptable. " Asked whether he wishes to negotiate with a new round of leaders in Iran, Trump told Fox News, "I will deal with them until they make a deal. " Trump has repeatedly criticized Iran's leadership, saying they're disjointed and not able to communicate with each other.

In recent weeks, the president has also suggested that he doesn't need to make a deal with Iran at all. Trump also reportedly told Fox News that Iranian negotiators said Iran does not have the technology to retrieve their nuclear dust and that the U.S. must go into Iran to obtain it.

Trump says ceasefire is 'unbelievably weak' following Iran's 'piece of garbage' proposal During an Oval Office event about maternal health on Monday, President Donald Trump continued to rail against the Iranian proposal response that he received Sunday, calling it "unacceptable" and "a piece of garbage" that he didn't even finish reading, adding that the current ceasefire with Iran is "unbelievably weak.

" President Donald Trump speaks to reporters at an event about maternal healthcare, Monday, May 11, 2026, in the Oval Office of the White House, in Washington. Trump said he has the "best plan ever" which requires that Iran does not develop a nuclear weapon-- something he said Iran's latest proposal did not explicitly agree to.

"It was just unacceptable. You know, a lot of people said, 'Well, does he have a plan?

' Yeah, of course I do have a plan. I have the best plan ever," Trump said. He later added, "But the plan is, they cannot have a nuclear weapon, and they didn't say that in their letter.

" The president also declared the ceasefire is now at its "weakest" point because of the unsatisfactory response. "It's unbelievably weak, I would say. I would call it the weakest right now. After reading that piece of garbage they sent us.

I didn't even finish reading it," he said. But Trump continued to insist that he is facing "no pressure" to secure a deal or end the war, pushing back on claims that he would "get tired" of the operation.

"Are they stupid people? They didn't want to believe it. They think that, well, I'll get tired of this, or I'll get bored or I'll have some pressure, but there's no pressure. There's no pressure at all.

We're going to have a complete victory," Trump said. Trump pointed to disagreement over the removal of enriched uranium from Iran as one of the biggest issues with Iran's latest response.

"They changed their mind, because they didn't put it in the paper," Trump said of removing the uranium. Trump says he'll suspend federal gas tax to help address high fuel prices due to the Iran war President Donald Trump says he'll suspend the federal gas tax to help address high fuel prices due to the Iran war.

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