AssetID: 56108654
Headline: UNCAPTIONED: US Iran War Costs Exceed $47 Billion, Pentagon Estimate Shows
Caption: US Iran War Costs Exceed $47 Billion, Pentagon Estimate Shows. Pentagon data obtained by Reuters puts America's military spending on the Iran war above $47 billion. That exceeds July's $37.5 billion estimate by more than 25 percent as costs continue to mount. Replacing munitions used during the conflict is projected to cost more than $29 billion, Pentagon estimates. Replacing lost military equipment, including aircraft and drones, would require more than $6 billion in total. The figures do not clearly account for major repairs to American bases damaged by Iranian attacks. Trump launched the war alongside Israel in February, predicting a short conflict before April's eventual ceasefire. He has since imposed a naval blockade and suggested combat could resume after November's midterm elections. Higher energy prices linked to the conflict have hurt Republican candidates and President Trump's approval ratings. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politics,Donald Trump,Iran war,United States,Pentagon,US military spending,$47 billion war costs,Reuters,military expenditure,munitions replacement,military equipment losses,aircraft and drones,US military bases,Israel,naval blockade,energy prices,midterm elections
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