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Iran war costs soar past $29bn as truce teeters
pakistan

Iran war costs soar past $29bn as truce teeters

Dawn News · May 13, 2026, 2:29 AM · Also reported by 3 other sources

Why this matters: local context for readers following news across Pakistan and the region.

Jules Hurst, who is performing the duties of com­p­troller, told US lawmakers on Tuesday that the bill included updated repair and replacement of equipment and operational costs, Reuters reported. “The joint staff team and the comptroller team are constantly looking at that estimate,” Hurst said. He was speaking alongside Defence Secret­ary Pete Hegseth and Cha­i­r­man of the Joint Chiefs of Staff, General Dan Caine. On April 29, the Pent­agon said the war had cost $25bn at that point. The statement came hours before President Donald Trump took off aboard Air Force One bound for China, the first trip by a US leader to the rival power in nearly a decade. He is set to hold talks on Thursday and Friday with Chinese President Xi Jinping that will focus heavily on trade but also on potential friction points over Taiwan and Iran. Earlier, the US had reje­cted an Iranian response bound for China, the first trip by a US leader to the rival power in nearly a decade. Trump is set to hold talks on Thursday and Friday with Chinese President Xi Jinping that will focus heavily on trade but also on potential friction points over Taiwan and Iran. Earlier, the US had rejected an Iranian response to its peace offer, with President Trump indicating that the ceasefire was on “massive life support”. CNN reporte

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