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Pentagon seeks additional funding as cost of Iran war tops $29 billon
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Pentagon seeks additional funding as cost of Iran war tops $29 billon

Defense News · May 12, 2026, 4:19 PM · Also reported by 4 other sources

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The United States has spent an estimated $29 billion in the war against Iran, the Pentagon said Tuesday, as senior defense officials appeared on Capitol Hill for back-to-back budget hearings.Jules Hurst III, the Defense Department’s acting comptroller, said the increase from $25 billion just two weeks ago reflects “updated repair and replacement of equipment costs,” along with the “general operational costs” of sustaining forces in the theater.Hurst emphasized that the projection does not include expenditures for repairing damaged military installations in the region.“We have a lot of unknowns there,” he said. “We don’t know what our future posture is going to be. We don’t know how we construct those bases, and we don’t know what part our allies or partners could pay into our MILCON costs.” The tenuous month-long ceasefire in the Middle East hangs in the balance after President Donald Trump on Monday dismissed Tehran’s latest proposal to end the war as “garbage.” Hours later, the Speaker of Iran’s parliament warned that the country stands ready to “deliver a lesson-teaching response” to any act of aggression. Despite a declared truce, the two sides have continued to exchange limited fire near the Strait of Hormuz. The Islamic Republic launched missiles, drones and small boats at U.S. warships transiting the sea earlier this month, prompting American strikes on Iranian military sites in response. Defense Secretary Pete Hegseth on Tuesday suggested that the situation remains fluid. “As you know, for the most part, ceasefire means fire is ceasing,” Hegseth said. “We have a plan to escalate, if necessary. We have a plan to retrograde, if necessary.” Asked about the status of Project Freedom — a one-day operation in which U.S. warships and aircraft briefly guided commercial vessels through the Strait of Hormuz — the defense secretary described it as “paused” and added, “It’s an option we could always recommence, should the commander in chief want us to.”Hegseth and Gen.

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