Defense Secretary Hegseth, before Senate panel, says the ongoing Iran war has cost $37.5bn as US launches new attacks
Pete HegsethDonald TrumpUnited States Department of DefenseKhatam al-Anbiya Central HeadquartersUnited States CongressUnited States Central Command

Defense Secretary Hegseth, before Senate panel, says the ongoing Iran war has cost $37.5bn as US launches new attacks

Defense Secretary Pete Hegseth informed a Senate panel that the ongoing war with Iran has cost the U.S. $37.5 billion, as military strikes continue for the 11th consecutive night, targeting Iranian military capabilities and threatening commercial shipping in the Strait of Hormuz.

Al Jazeera Al Jazeera22 July 2026 · 00:32 UTC
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Defense Secretary Pete Hegseth testified before a Senate panel that the ongoing conflict with Iran has incurred a staggering $37.5 billion in costs. He emphasized the need for an additional $90 billion in funding to support military operations.3

The U.S. military's Central Command reported that forces have been conducting strikes against Iranian military targets for the 11th consecutive night, with operations aimed at degrading Iran's capacity to threaten commercial shipping in the Strait of Hormuz.12

In a related statement, President Donald Trump indicated plans to target a suspected Iranian nuclear site known as Pickaxe Mountain “pretty soon, and very heavily.” This escalation has raised concerns, with Iran's Khatam al-Anbiya Central Headquarters warning that any attack on its nuclear facilities would lead to an expansion of the conflict in the region.45

The situation remains tense as the U.S. continues its military operations, with implications for both regional stability and international shipping routes.

Key Insight
“The strikes marked the 11th consecutive night of US attacks on Iran, targeting military sites to degrade Tehran's ability to threaten commercial shipping in the Strait of Hormuz. Separately, President Trump said he plans to attack a suspected Iranian nuclear site called Pickaxe Mountain 'pretty soon, and very heavily.'”
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Al JazeeraAl Jazeera
“The US military’s Central Command says US forces “began striking military targets in Iran” at 7pm Eastern time (23:00 GMT) “for the 11th consecutive night”.”
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