US hits Iran, says war cost at $37.5 bln
U.S. 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 via AFP)
Fresh U.S. strikes triggered air defenses in Tehran on July 22 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.
Still, top U.S. diplomat Marco Rubio reiterated Washington's statement that it is willing to use diplomacy to find an agreement with Tehran.
