$12 billion and counting: Trump adviser reveals staggering price of two-week Iran battle | World Information
Folks clear particles from their house broken when a close-by police station was hit Friday in a US-Israeli strike in Tehran, Iran. (Photograph: AP) The US has spent about $12 billion on the battle towards Iran since launching joint strikes with Israel on February 28, a prime adviser to US President Donald Trump stated, as reported by the CBS Information.
Kevin Hassett, director of the Nationwide Financial Council, gave the estimate throughout an interview on CBS’s programme Face the Nation on Sunday.
“That’s the most recent quantity that I’ve been briefed on up to now,” Hassett stated when requested about the price of the battle.
In the course of the interview, Hassett initially appeared to counsel the quantity may very well be the entire price of the battle, however later clarified that the $12 billion determine mirrored spending to this point.
Kevin Hassett, Director of the US Nationwide Financial Council, stated US army strikes on Iran have price about $12 billion up to now.
“The most recent quantity I used to be briefed on was 12.” pic.twitter.com/kjq2sJpGTe
— Conflict Report (@clashreport) March 15, 2026
CBS anchor Margaret Brennan famous that greater than $5 billion had already been spent on munitions alone through the first week of the battle.
Regardless of the rising prices, Hassett stated the battle was unlikely to hurt the US financial system.
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“America just isn’t going to have its financial system harmed by what the Iranians are doing,” he stated, including that america now produces massive quantities of its personal oil. “We have now tons and plenty of oil.”
Issues over prices and battle targets
The spending estimate comes as questions develop in Washington about the price and goals of the army marketing campaign.
US Defence Secretary Pete Hegseth has stated assaults on Iran may enhance within the coming days, suggesting the price of the operation could proceed to rise.
Some lawmakers have additionally raised considerations concerning the route of the battle.
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After a categorized Senate briefing earlier this month, Senate Democratic chief Chuck Schumer stated he was fearful about what he referred to as “mission creep” within the battle.
Senator Chris Van Hollen additionally criticised the administration’s method, saying america had taken “the lid off Pandora’s field with none concept the place this can land”.
Based on stories cited by Al Jazeeragreater than 1,400 individuals have been killed in Iran because the strikes started. 13 US troopers have additionally been killed and greater than 140 wounded.
Tensions have additionally targeted on the Strait of Hormuz, a key international oil route by means of which about 20% of the world’s oil provide passes.
(With enter from businesses)