US Estimates $12 Billion Spent on Ongoing Iran Conflict, Funding Needs Under Review

US National Economic Council Director Kevin Hassett stated that the ongoing conflict with Iran has cost the United States approximately $12 billion so far, primarily reflecting direct military expenditures. He indicated that current funds are sufficient but acknowledged that officials will assess whether additional congressional funding is needed. Hassett also downplayed significant economic risks to the US, citing increased domestic oil production and lower energy prices despite some reports of rising fuel costs.