Trillions in military spending are no match for Iran's low-cost countermeasures 05/08/26  United States Defense Secretary Pete Hegseth has clashed with American lawmakers over the cost of war on Iran in his first appearance on Capitol Hill since the conflict – now into its third month – broke out. The Pentagon told a hearing of the House Armed Services Committee on Wednesday that the US had spent $25bn on its war on Iran, largely on munitions and equipment maintenance. But Democratic leaders and several economists believe that number to be a significant underestimate. They say the actual cost to the US economy and the country’s 330 million people could amount to between $630bn and $1 trillion. |
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