World News

US War Spending Hits $11bln in 6 Days as Iran Conflict Escalates

117


The first week of the conflict with Iran has already cost the United States over $11.3 billion, according to a New York Times report on a recent Pentagon briefing.

This staggering figure highlights the rapid depletion of advanced munitions and military resources as the war intensifies.

However, the final price tag for the opening week is expected to climb even higher.

Sources familiar with the closed-door session told The Times that the current estimate excludes many logistical costs associated with the initial buildup to the strikes.

Defence officials had previously told Congress that roughly $5.6 billion worth of munitions were expended in just the first two days of fighting, according to US media — a burn rate far higher than earlier public estimates.

The Centre for Strategic and International Studies, an independent think tank in Washington, estimated that the first 100 hours of Operation Epic Fury cost $3.7 billion — or more than $891 million per day.

Most of these costs, $3.5 billion, had not already been budgeted, the CSIS said.

The Iran War Cost Tracker website, which estimates the cost of the conflict in real time, showed a figure of more than $17 billion on its counter at around 08:00 GMT on Thursday.

According to the site, the United States is spending $1 billion per day on the war.

However, it points out the true cost of the war is likely higher, as the figures do not take into account long-term expenses such as veteran healthcare.

Author

See also  Tinubu applauds Ghana's democratic advancements, pledges Nigeria's support

Leave a comment

Related Articles

How to Strengthen West Africa’s Security Against Terrorism, Violent Extremism

Nigeria reached out to the U.S. and Ghana for cooperation before the...

Okonjo-Iweala Signals Major WTO Overhaul to Modernise Global Trade Rules 

The World Trade Organization (WTO) is poised to launch a sweeping reform...

Trump Praises Messi as Potential GOAT During White House MLS Cup Tribute

Lionel Messi joined his Inter Miami teammates for a special reception at...

Tensions Escalate as US Sinks Iranian Warship

A U.S. submarine sank an Iranian warship in the Indian Ocean, as...