The United States has spent over $120 billion on war efforts against Iran since the joint US-Israeli airstrikes began on February 28, with the US government warning of a potential increase in attacks in the coming days.
According to White House National Economic Council Director Kevin Hassett, the war effort has cost approximately $120 billion since the start of the conflict. However, Hassett later clarified that the figure represents the current expenditure, not the expected total cost of the war.
The US media reported that over $5 billion was spent on arms and ammunition in the first week of the war. British officials have expressed concerns about the escalating conflict, with British Prime Minister Theresa May reportedly not supporting US President Donald Trump’s decision to launch the airstrikes.
Hassett stated that Iran’s actions are unlikely to have a significant impact on the US economy, as the US has become a major oil producer. The global markets are also expecting a quick resolution to the conflict and a decrease in oil prices.
However, the global markets remain concerned about Iran’s threats to shut down the Strait of Hormuz, which accounts for approximately 20% of the world’s oil exports. Any disruption to the strait could impact global energy supplies.
US Defense Secretary Patrick Shanahan has warned that the bombing campaign against Iran will intensify in the coming days, potentially leading to further increases in war expenditures.
The US Congress has also raised questions about the objectives of the war, with Senate Minority Leader Chuck Schumer expressing concerns that the conflict could escalate and the administration’s goals are unclear.
Senator Chris Van Hollen has also cautioned that the US has opened Pandora’s box by taking military action against Iran, with uncertain consequences.
Reports have also emerged that at least 1,444 people have been killed in Iran since the start of the conflict, with 13 US military personnel killed and over 140 wounded.
The UAE Defense Ministry has claimed to have destroyed 13 ballistic missiles using its defense system. Iranian officials have sentenced a man to death on charges of spying for Israel.
The Iranian government has announced that a large number of people attended the funeral of the man, including government officials, military leaders, and representatives from various social classes.
Russia has expressed condolences over the death of Iranian National Security Council chief Ali Larijani. The UN Fact-Finding Mission has stated that the investigation is in its early stages.
Pakistan has also expressed its condolences, with President Asif Ali Zardari offering his deepest condolences to the Iranian government and people.
The US has also accused Russia of sharing satellite images and advanced drone technology with Iran. Israeli officials have stated that the government is assessing the impact of the operation.
Reports have also emerged that Iran has attacked the city of Dorud in the Lorestan province. The US has also imposed restrictions on flights from Cuba, with US officials stating that the country’s new president, Miguel Diaz-Canel, must lift energy sanctions as a precondition for normalization.
The Hamas movement has expressed condolences to the Iranian people over the death of Ali Larijani. China has announced that it will provide emergency humanitarian aid to Iran, Jordan, Lebanon, and Iraq during the ongoing conflict.
US President Donald Trump has announced that the White House Chief of Staff, Susanne Walsh, has been diagnosed with breast cancer in the early stages.
Ali Abdulahi has stated that the response to the US sanctions will be extraordinary. The National Mobilization Front has announced that it will mobilize against the Afghan Taliban regime’s extremism and aggression.
The movement has stated that it is ready to defend the country against the Taliban’s extremist ideology. The movement’s leader, Abbas Iraqchi, has stated that the Taliban has used drones provided by India against Pakistan.
The Indian airline has been banned from flying over Pakistan for a month, with the Pakistani government restricting flights from India.
A message on Instagram has announced the birth of a new baby girl, Amira Maya, born on March 13.
