US-Iran War News Live Updates: As the conflict between the United States and Iran enters its second week, President Donald Trump has issued a strong statement claiming that the US has devastated Iran both militarily and economically.
Posting on Truth Social, Trump said American forces have wiped out Iran’s defence capability and destroyed what he called the country’s “terrorist regime.” He also suggested that the United States has the resources to continue the war for as long as needed.
Trump wrote that the US possesses “unparalleled firepower, unlimited ammunition, and plenty of time.”
His comments indicate that Washington does not plan to halt military operations soon, even as the war expands across multiple fronts in the Middle East.
US-Iran War News Live Updates: War Costs Rise Rapidly for the United States
While the US administration continues its military campaign, the financial cost of the conflict has already climbed sharply. According to reports citing Pentagon briefings, the United States spent more than $11.3 billion in the first six days of the war.
However, officials say this figure likely represents only a portion of the total spending because it mainly reflects the cost of munitions and immediate operations.
Some officials also said the White House may soon ask Congress to approve additional funds to sustain the campaign. “Some officials have said the request could be for $50 billion, while others have said that estimate seems low,” an AFP report said.
Lawmakers are already debating whether the government will need a large supplemental budget to replenish weapons stocks and support continued operations.
US-Iran War News Live Updates: Expensive Weapons Used in the Early Phase of Conflict
Military analysts say the high cost of the war largely comes from the use of advanced precision weapons during the early phase of strikes. Reports suggest the US spent about $2 billion per day on munitions at the beginning of the conflict, before the daily cost dropped to around $1 billion per day.
Among the weapons used in the initial attacks was the AGM-154 Joint Standoff Weapon, a glide bomb that can cost between $578,000 and $836,000 per unit.
As the conflict continued, the US reportedly switched to less expensive systems such as the Joint Direct Attack Munition (JDAM). The smallest JDAM warhead costs about $1,000, while the guidance kit used to convert standard bombs into precision weapons costs roughly $38,000.
Officials believe these adjustments could reduce daily operational costs if the conflict continues without further escalation.
US-Iran War News Live Updates: Uncertainty Over War Duration and Total Cost
Despite the huge spending figures, even US officials admit that the full financial cost of the war remains unclear. Government officials say they cannot yet estimate how long the conflict will last or how much money will ultimately be required.
Members of Congress have also raised concerns about the rapid depletion of weapons stockpiles, warning that continued operations could require large new procurement orders for missiles, bombs and other military equipment.
At the same time, defence companies are facing pressure to increase production to meet growing demand created by ongoing conflicts.
US-Iran War News Live Updates: Global Markets Feel the Impact of the War
Beyond military spending, the war is also affecting global financial markets.
Oil prices have surged amid fears that the conflict could disrupt energy supplies in the Middle East. Rising energy prices increase inflation risks and push up costs for households and businesses.
Higher oil prices can also increase government spending because authorities often introduce subsidies or relief measures to protect consumers from price shocks.
According to reports citing financial analysts, investors are also worried about growing government debt linked to military spending. Yields on long-term US government bonds have already risen, reflecting fears that governments will need to borrow more money to fund defence and economic support programs.
US-Iran War News Live Updates: Economic Pressure Could Grow if War Continues
If the conflict drags on, economists warn that the financial burden on governments could increase further.
More borrowing to fund military operations and energy subsidies could widen fiscal deficits. In response, investors may demand higher returns on government bonds to compensate for the increased risk.
As the war continues, the global economy, financial markets and energy supplies will likely remain under intense pressure while the true cost of the conflict keeps rising.
