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Estimated Conflict Costs
Reported cumulative costs of the ongoing military operations.
Primary Sources
US-Iran ceasefire: Iran war has cost estimated $25 billion so far ...
The UAE announced that it will leave OPEC on Tuesday, a move that has been lauded by US President Donald Trump. Meanwhile, oil sees a record high with Brent shooting above $119/barrel. Iran offered to end its chokehold on the Strait of Hormuz if the US lifts its blockade on the country and ends the war in a proposal that would postpone discussions on the Islamic Republic's nuclear programme. US President Donald Trump seems unlikely to accept the offer. Meanwhile, a Pentagon official said the Iran war has cost estimated $25 billion so far. Follow our live blog for the latest updates.07:00 AM, 30 April 2026We are closing this coverage now. For the latest updates, click here.03:52 AM, 30 April 2026Iran's Ghalibaf mocks Trump's blockadeIran's Parliament Speaker Mohammad Bagher Ghalibaf has mocked the US naval blockade. In his taunt, Ghalibaf mocked the Trump administration's oil strategy, noting that after three days, no Iranian oil wells had "exploded" from the predicted pressure buildup caused by blocked exports. 02:21 AM, 30 April 2026Iran blockade: 41 crude oil tankers 'redirected' — US militaryAt least 41 crude oil tankers laden with 69 million barrels of crude oil from Iran — estimated at $6 billion in market value — had been redirected by the US military after the ships attempted to breach the naval blockade near the Hormuz Strait, according to the US Central Command. 02:01 AM, 30 April 2026Trump: US having talks with Iran — 'they’ve come a long way'US President Donald Trump says ongoing talks with Iran have “come a long way,” but warned that no agreement will be reached unless Tehran formally renounces the development of nuclear weapons. Trump’s remarks underscore a high-stakes diplomatic and strategic standoff that has persisted even amid intermittent ceasefires and military pressure.10:05 PM, 29 April 2026Iran officials leave Canada before FIFA Congress over airport 'insult': Iranian media Iran's delegation to the FIFA Congress, due to be held this week in Vancouver, left Canada on Wednesday before the global football gathering because of an "insult" at immigration at Toronto's international airport, Iranian media reported.The Iranian delegation "returned to Turkey on the first flight due to the inappropriate behaviour of the immigration officials at the airport and the insult to one of the most honourable organs of the Iranian Armed Forces", several outlets reported, without providing further details.In 2024, Canada designated Iran's Revolutionary G...
US says war in Iran has cost $25 billion so far; Trump says Tehran ...
22:44 (IST) 29 Apr 2026 Iran, India FMs discuss ceasefire, regional developments in phone call Abbas Araghchi and Subrahmanyam Jaishankar held a phone call to discuss the latest developments around the US-Iran ceasefire and regional issues. “Discussions and consultations were held on the latest developments related to the ceasefire, bilateral relations, and regional and international developments,” Iran’s foreign ministry said. 22:35 (IST) 29 Apr 2026 Trump rejects Iran peace proposal, says will continue blockade US President Donald Trump has rejected Iran’s peace proposal and will continue the US military blockade of its ports until Tehran agrees to a nuclear deal, according to Axios. “The blockade is somewhat more effective than the bombing… They are choking like a stuffed pig,” he said, adding “they can’t have a nuclear weapon,” after Iran proposed reopening Hormuz while delaying nuclear talks. 22:28 (IST) 29 Apr 2026 Hegseth says deadly Iran school strike ‘under investigation’ Pete Hegseth said the strike on an Iranian girls’ school that killed around 170 people was an “unfortunate situation” that “remains under investigation.” Asked about the cost, he said: “I wouldn’t tie a cost to that,” as probes suggest the attack may have resulted from outdated intelligence. 21:34 (IST) 29 Apr 2026 Iran says diplomacy only path forward, warns war ‘part of the problem’ Iran’s Deputy Foreign Minister Saeed Khatibzadeh said “war is not a solution. It is part of the problem,” urging a return to negotiations. He said all alternatives to diplomacy are “unattractive,” adding Iran has proposed talks on “equal terms and conditions” to end the conflict. 21:33 (IST) 29 Apr 2026 Hegseth accuses Congressman of ‘undermining’ US mission in Iran Pete Hegseth criticised US Congressman John Garamendi after he called the Iran strategy a “quagmire.” “Statements like that are reckless to our troops… Who are you cheering for?” Hegseth said, adding such remarks “undermine the mission.” 21:12 (IST) 29 Apr 2026 Israeli strike wounds 11 in south Lebanon as toll rises despite ceasefire Lebanon’s Health Ministry said at least 11 people were wounded in an Israeli air raid on Tayr Debba in the Tyre district. Since March 2, Israeli attacks have killed at least 2,534 people, wounded 7,863, and displaced more than 1.6 million, according to official figures. 20:38 (IST) 29 Apr 2026 Pentagon says Iran war cost hits $25 billion, mostly on munitions Pentagon official Jules Hurst told lawmakers the w...
The Latest: Iran war has cost estimated $25 billion so far, Pentagon ...
Top defense official says Iran war costs are estimated at $25 billion so far During a hearing of the House Armed Services Committee, Jules Hurst III, the acting undersecretary of war for finances, said most of the expense has been on munitions, but the military has also spent money on running the operations and equipment replacement.
US seeks international help to reopen Strait of Hormuz as crude prices ...
US to step up pressure on allies to help open Strait of Hormuz Benchmark oil price hits highest since Iran crisis began Investors concerned about extended oil supply ...
