US Says Iran War Cost at $37.5 Billion

US Secretary of Defense Pete Hegseth testifies during a Senate Appropriations Committee hearing in the Dirksen Senate Office Building on Capitol Hill on July 21, 2026 in Washington, DC. (Getty Images/AFP)
US Secretary of Defense Pete Hegseth testifies during a Senate Appropriations Committee hearing in the Dirksen Senate Office Building on Capitol Hill on July 21, 2026 in Washington, DC. (Getty Images/AFP)
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US Says Iran War Cost at $37.5 Billion

US Secretary of Defense Pete Hegseth testifies during a Senate Appropriations Committee hearing in the Dirksen Senate Office Building on Capitol Hill on July 21, 2026 in Washington, DC. (Getty Images/AFP)
US Secretary of Defense Pete Hegseth testifies during a Senate Appropriations Committee hearing in the Dirksen Senate Office Building on Capitol Hill on July 21, 2026 in Washington, DC. (Getty Images/AFP)

Fresh US strikes triggered air defenses in Tehran on Wednesday after President Donald Trump warned he was "not finished" with a war with Iran that has already cost his nation $37.5 billion.

After the foes' fighting over the strategic Strait of Hormuz led to the collapse of a preliminary deal, the Middle East war has expanded to include the region's other key chokepoint for global oil supplies.

The US military said its latest attacks hit targets such as "military logistics infrastructure", while Iranian state media reported strikes around the country, including Bushehr, which hosts a nuclear power plant.

"News sources reported minutes ago that air defense activity was heard in the west, east and northeast of Tehran," state TV posted on Telegram.

As the war nears the five-month mark and November legislative elections approach, Trump has faced intense political pressure to end the conflict, which is unpopular even with segments of his base.

Critics have pointed to the cost of the war that Pentagon Chief Pete Hegseth said Tuesday had soared to $37.5 billion, defending a request for tens of billions in additional funding for the military.

The US military said Tuesday it had launched an eleventh consecutive night of strikes against Iran, saying it targeted military sites to "further degrade Iran's ability to threaten commercial shipping in the Strait of Hormuz.

Trump said Tuesday that the next US target could be an underground complex known as Pickaxe Mountain, a subterranean nuclear site near Natanz where Western intelligence suspects Iran is building an undeclared enrichment facility.

Iran threatened reprisals, with the Khatam Al-Anbiya military command saying it would "consider it as an expansion of war in the region" if such an attack were carried out, threatening strikes on "all the interests of America, the allies and supporters", state-run broadcaster IRIB reported.

Two weeks after fighting resumed between the decades-old foes, Trump said Iran would need more than 20 years to recover from the damage inflicted in the Middle East war.

"If we left right now, it would take Iran 20, 25 years to rebuild," he said. "We're not finished at all... we're not leaving right now.

Kuwait's army said Wednesday its air defenses were engaging with drone attacks from Iran, the latest round of Tehran's reprisals.

Bahrain said Tuesday it intercepted Iranian attacks as sirens sounded repeatedly, while Kuwait and Jordan said they had intercepted drone and missile strikes.

Despite the fighting, Iranian foreign ministry spokesman Esmaeil Baqaei said diplomatic exchanges with Washington through mediators were continuing.

Mediator Pakistan's Prime Minister Shehbaz Sharif called for restraint during a meeting with Iran's Interior Minister Eskandar Momeni.

Sharif urged all sides to "refrain from actions that could further destabilize the region", his office said.



Military Helicopter Crashes in Southern Türkiye, Killing 4

Rescuers and security officers examine the wreckage of an ambulance helicopter after it collided with a hospital building and crashed into the ground, in Mugla, Türkiye, December 22, 2024. REUTERS/Kenan Gurbuz Purchase
Rescuers and security officers examine the wreckage of an ambulance helicopter after it collided with a hospital building and crashed into the ground, in Mugla, Türkiye, December 22, 2024. REUTERS/Kenan Gurbuz Purchase
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Military Helicopter Crashes in Southern Türkiye, Killing 4

Rescuers and security officers examine the wreckage of an ambulance helicopter after it collided with a hospital building and crashed into the ground, in Mugla, Türkiye, December 22, 2024. REUTERS/Kenan Gurbuz Purchase
Rescuers and security officers examine the wreckage of an ambulance helicopter after it collided with a hospital building and crashed into the ground, in Mugla, Türkiye, December 22, 2024. REUTERS/Kenan Gurbuz Purchase

A military helicopter crashed in southern Türkiye on Thursday, killing four personnel, the Turkish Defense Ministry said.

The aircraft crashed for unknown reasons in Samankoy, a neighborhood on the southern outskirts of the provincial capital Malatya in the early evening.

“As a result of an accident involving our S-70 helicopter in Malatya, for a reason not yet determined, 4 of our heroic comrades-in-arms aboard the helicopter were martyred,” the ministry said in a social media post.

“We pray that God will have mercy on our martyrs and offer our condolences and prayers for strength to their grieving families, our Turkish Armed Forces, and our noble nation.”

According to The Associated Press, TV images showed the wreckage of the helicopter burning near a cluster of buildings in an otherwise open area of land. The Demiroren News Agency reported that flames had spread to a nearby house but reported no casualties on the ground.

Police, firefighters and medical teams were dispatched to the crash.


Trump Says US Does Not Need Iran Deal

US President Donald Trump and Vice President JD Vance look on during a Veterans Day ceremony at Arlington National Cemetery in Arlington, Virginia, US, November 11, 2026. REUTERS/Kylie Cooper
US President Donald Trump and Vice President JD Vance look on during a Veterans Day ceremony at Arlington National Cemetery in Arlington, Virginia, US, November 11, 2026. REUTERS/Kylie Cooper
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Trump Says US Does Not Need Iran Deal

US President Donald Trump and Vice President JD Vance look on during a Veterans Day ceremony at Arlington National Cemetery in Arlington, Virginia, US, November 11, 2026. REUTERS/Kylie Cooper
US President Donald Trump and Vice President JD Vance look on during a Veterans Day ceremony at Arlington National Cemetery in Arlington, Virginia, US, November 11, 2026. REUTERS/Kylie Cooper

President Donald Trump said on Thursday the US does not need a deal with Iran and directed Vice President JD Vance, who has played a role in efforts to resolve the war, to focus "his complete and total attention" on alleged crime and corruption in Democratic-run cities and states.

Trump's directive came a day after the Wall Street Journal reported that Vance was considering face-to-face peace talks with a hard-line Iranian security official and a week after the vice president blamed the costly war with Iran for Republicans' midterm elections drubbing.

Trump's comments marked a shift in tone after he had suggested ⁠in recent weeks ⁠that Iran would be more willing to strike a deal in the eight-month conflict after the US elections.

"We don’t need a deal with Iran. Those days have long since passed. We’ve got their money, Hundreds of Billions of Dollars, and we’ve got their Strait!" Trump wrote on social media, referring to the Strait of Hormuz, the critical ⁠shipping route near Iran where the US military has been working to secure safe passage for international shipping.

Trump said he asked Vance to focus instead on a domestic issue the president previously put in his portfolio: leading an effort targeting alleged fraud in Democratic-run cities and states throughout the US.

"Our Budget could be quickly BALANCED with the correction of this large-scale criminal activity. CORRUPTION is in the Democrat Leadership’s blood!" Trump wrote on Thursday.

Vance's office did not immediately respond to a request for comment.

The Wall Street Journal reported on Wednesday that ⁠Vance was considering ⁠meeting with a senior Iranian security official, a move that would have put Vance at the center of peace negotiations. Reuters has not confirmed the potential talks.

Vance, who is viewed as a leading contender for the 2028 Republican presidential nomination, distanced himself from the war last week after Republicans' midterm election rout by Democrats.

The vice president blamed the costs of the Iran war in part for the party's losses. He also said an earlier recommendation to end the war was "sound advice."

Trump responded to Vance's position by defending the war as necessary to stop Iran from obtaining a nuclear weapon.


Iran: Four Tankers Struck by Explosions in Strait of Hormuz

Iran: Four Tankers Struck by Explosions in Strait of Hormuz
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Iran: Four Tankers Struck by Explosions in Strait of Hormuz

Iran: Four Tankers Struck by Explosions in Strait of Hormuz

Four oil tankers were hit by explosions in the Strait of Hormuz, Iran's military said on Thursday, adding that the vessels had ignored warnings and entered what it considers restricted areas of the strategic waterway.

Tankers are still facing attacks across the strait, despite a rebound in traffic and expectations of a de-escalation in the war between the United States and Iran that have been reflected in falling oil prices.

Iran's Revolutionary Guards Navy said two supertankers were disabled by explosions on Wednesday after they ignored ⁠warnings against using what ⁠it said was an "unauthorized route".

Reuters could not immediately verify the Iranian account.

The two vessels "exploded after hitting naval mines", Iranian state media reported, broadcasting what it said was video footage of the incidents.

Iran's army later said two other tankers had hit mines on Thursday afternoon while sailing through the eastern Strait of Hormuz after ignoring ⁠warnings and disabling their radar systems, state TV reported. The tankers entered a restricted area and subsequently caught fire, it reported.

Earlier in the US-Israeli war with Iran, which began in February, the IRGC Navy announced its attacks on tankers. More recently, however, it has instead reported that vessels have caught fire after hitting naval mines while traversing the southern part of the strait, which it has declared an unauthorized route.

In several of those cases, the United Kingdom Maritime Trade Operations agency (UKMTO) has said vessels had been struck by unknown projectiles.

The ⁠UKMTO said ⁠in reports on Thursday that a vessel was hit by an unidentified projectile about 14 nautical miles northwest of the UAE emirate of Ras Al-Khaimah on Wednesday while exiting the strait, causing a fire in its engine room.
Firefighting efforts were under way and all crew had been evacuated, it added.

At least 10 ships were hit in the first 10 days of November, after 37 attacks in October, which was the highest monthly tally since the conflict began in late February, according to data from the Washington Institute for Near East Policy.