Defense Secretary Hegseth Says Iran War Costs $37.5 Billion, Seeks Up to $70 Billion in Emergency Funding

Defense Secretary Pete Hegseth presented a new cost estimate for the ongoing conflict with Iran. He said the war has already incurred $37.5 billion in expenses. The figure reflects direct military operations and related support costs. Hegseth announced a request for up to $70 billion in emergency funding. The proposed spending would cover additional combat needs and sustainment. The request follows nearly five months of active hostilities. Lawmakers will review the emergency funding proposal in upcoming sessions. The estimate and funding ask highlight the financial strain of the conflict.