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Hegseth says Iran war cost $37.5 billion so far as administration seeks more funding

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Kit Maher, Lex Harvey, Piper Hudspeth Blackburn, Morgan Rimmer, Aleena Fayaz, Elise Hammond, Mohammed Tawfeeq, Tori B. Powell, Davis Winkie, Tal Shalev, Alejandra Jaramillo, Sean Lyngaas, Aaron Cooper, Maureen Chowdhury, Jedd Rosche, Eyad Kourdi, Hira Humayun, Lauren Fox, Ellis Kim, Dana Karni, Aida Karimi, Kaanita Iyer, Catherine Nicholls, Kara Fox, Aileen Graef, Adam Cancryn, Duarte Mendonca, Mostafa Salem, Eleni Giokos, Lauren Chadwick, Hanna Ziady, Christian Edwards, Jomana Karadsheh, Helen Regan, Nadeen Ebrahim, Aditi Sangal
Hegseth says Iran war cost $37.5 billion so far as administration seeks more funding
✦AI Summary

Tensions between the U.S. and Iran have escalated as Iranian state media reports air defense activations and strikes across multiple cities. The Iranian Revolutionary Guard has initiated a counterassault, citing a need to punish the U.S. for ongoing military actions.

Why it matters

The exchange of strikes represents a significant escalation in Middle Eastern conflict, potentially impacting global oil markets and regional stability.

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Link Copied! Air defenses activated in Tehran, Iran says counterassault underway By Lex Harvey Air defenses were activated in the Iranian capital Tehran early Wednesday, several state media reported.

“Tehran’s air defenses were activated once again a few minutes ago in the eastern and western parts of Greater Tehran and appear to be engaging hostile targets,” Iran’s Tasnim news agency reported.

There were not any immediate reports from state media of damage in the capital.

Areas in the western and southern parts of the country appear to have been hit in the latest wave of US strikes, according to Iranian reports.

There were airstrikes on Kabudarahang, a city about 150 miles west of Tehran, state broadcaster IRIB reported, quoting the deputy governor of central Hamedan province.

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