The China Mail - US hits Iran, says war cost at $37.5 bn

USD -
AED 3.672497
AFN 63.496236
ALL 80.15939
AMD 362.919823
ANG 1.790365
AOA 916.999719
ARS 1514.244199
AUD 1.414917
AWG 1.80125
AZN 1.691204
BAM 1.712962
BBD 2.013821
BDT 122.932477
BGN 1.683441
BHD 0.376962
BIF 3004.585047
BMD 1
BND 1.277595
BOB 11.923749
BRL 5.131303
BSD 0.99986
BTN 95.678145
BWP 13.595481
BYN 3.027431
BYR 19600
BZD 2.01093
CAD 1.40891
CDF 2311.000026
CHF 0.82285
CLF 0.024072
CLP 950.520259
CNY 6.6998
CNH 6.70685
COP 3210.07
CRC 453.685538
CUC 1
CUP 26.5
CVE 96.574587
CZK 21.3671
DJF 178.050457
DKK 6.551265
DOP 59.478089
DZD 133.645601
EGP 51.398897
ERN 15
ETB 163.319699
EUR 0.87636
FJD 2.237199
FKP 0.750528
GBP 0.75325
GEL 2.595013
GGP 0.750528
GHS 11.583045
GIP 0.750528
GMD 73.505167
GNF 8793.441704
GTQ 7.63211
GYD 209.186734
HKD 7.843325
HNL 26.837396
HRK 6.603201
HTG 130.683635
HUF 319.267505
IDR 17825
ILS 3.01575
IMP 0.750528
INR 95.73935
IQD 1309.814191
IRR 1374650.000003
ISK 120.929585
JEP 0.750528
JMD 157.538176
JOD 0.708982
JPY 157.929498
KES 129.310285
KGS 87.449804
KHR 4054.823313
KMF 429.999861
KPW 900.000318
KRW 1365.049996
KWD 0.30907
KYD 0.833209
KZT 444.620586
LAK 22404.007848
LBP 89537.860574
LKR 328.955608
LRD 172.465735
LSL 16.310417
LTL 2.95274
LVL 0.60489
LYD 6.383128
MAD 9.57123
MDL 17.695844
MGA 4393.217489
MKD 53.88149
MMK 2099.577364
MNT 3597.923561
MOP 8.077068
MRU 40.034859
MUR 47.880241
MVR 15.460197
MWK 1733.73447
MXN 17.439766
MYR 4.079696
MZN 63.88613
NAD 16.310274
NGN 1324.480236
NIO 36.793911
NOK 9.464115
NPR 153.084711
NZD 1.75705
OMR 0.384501
PAB 0.99986
PEN 3.375476
PGK 4.454546
PHP 62.558506
PKR 277.084952
PLN 3.83586
PYG 5925.912951
QAR 3.645178
RON 4.625896
RSD 102.932975
RUB 84.352215
RWF 1475.675439
SAR 3.756768
SBD 8.026013
SCR 13.74007
SDG 601.513532
SEK 9.87837
SGD 1.278335
SHP 0.74758
SLE 24.649746
SLL 20969.491881
SOS 571.398543
SRD 37.740486
STD 20697.981008
STN 21.4581
SVC 8.748774
SYP 13002.000254
SZL 16.306476
THB 33.287502
TJS 9.253737
TMT 3.5
TND 2.95341
TOP 2.40776
TRY 48.826011
TTD 6.795649
TWD 31.670374
TZS 2645.002947
UAH 44.878367
UGX 3889.609025
UYU 40.078651
UZS 11798.503182
VES 851.341303
VND 26010.5
VUV 118.348377
WST 2.752527
XAF 574.854365
XAG 0.015348
XAU 0.000232
XCD 2.70255
XCG 1.801955
XDR 0.707052
XOF 574.854365
XPF 104.452317
YER 236.550089
ZAR 16.34619
ZMK 9001.202171
ZMW 19.472654
ZWL 321.999592
SSP 5712.590503
MXV 1.976583
  • CMSC

    -0.0600

    20.61

    -0.29%

  • GSK

    -0.2950

    50.435

    -0.58%

  • JRI

    0.0450

    11.53

    +0.39%

  • BTI

    -0.3200

    55.43

    -0.58%

  • RIO

    -2.1400

    95.35

    -2.24%

  • BP

    0.9750

    44.105

    +2.21%

  • NGG

    -0.7400

    76.11

    -0.97%

  • BCE

    -0.1250

    21.58

    -0.58%

  • RYCEF

    0.2000

    19.9

    +1.01%

  • RBGPF

    -0.9500

    67

    -1.42%

  • AZN

    -1.4400

    166.85

    -0.86%

  • RELX

    0.2450

    33.225

    +0.74%

  • CMSD

    0.2500

    20.68

    +1.21%

  • BCC

    -0.7300

    78.3

    -0.93%

  • VOD

    -0.3600

    16.26

    -2.21%

US hits Iran, says war cost at $37.5 bn
US hits Iran, says war cost at $37.5 bn / Photo: © GETTY IMAGES/AFP

US hits Iran, says war cost at $37.5 bn

Fresh US strikes triggered air defences in Tehran on Wednesday after President Donald Trump warned he was "not finished" with a war with Iran that has already cost his nation $37.5 billion.

Text size:

After the foes' fighting over the strategic Strait of Hormuz led to the collapse of a preliminary deal, the Middle East war has expanded to include the region's other key chokepoint for global oil supplies.

The US military said its latest attacks hit targets such as "military logistics infrastructure", while Iranian state media reported strikes around the country, including Bushehr, which hosts a nuclear power plant

"News sources reported minutes ago that air defence activity was heard in the west, east and northeast of Tehran," state TV posted on Telegram.

As the war nears the five-month mark and November legislative elections approach, Trump has faced intense political pressure to end the conflict, which is unpopular even with segments of his base.

Critics have pointed to the cost of the war that Pentagon Chief Pete Hegseth said Tuesday had soared to $37.5 billion, defending a request for tens of billions in additional funding for the military.

The US military said Tuesday it had launched an eleventh consecutive night of strikes against Iran, saying it targeted military sites to "further degrade Iran's ability to threaten commercial shipping in the Strait of Hormuz.

Trump said Tuesday that the next US target could be an underground complex known as Pickaxe Mountain, a subterranean nuclear site near Natanz where Western intelligence suspects Iran is building an undeclared enrichment facility.

Iran threatened reprisals, with the Khatam Al-Anbiya military command saying it would "consider it as an expansion of war in the region" if such an attack were carried out, threatening strikes on "all the interests of America, the allies and supporters", state-run broadcaster IRIB reported.

The warning came as Tehran broadened its offensive against US-allied Gulf states after its Houthi allies threatened to blockade Saudi ports.

Two weeks after fighting resumed between the decades-old foes, Trump said Iran would need more than 20 years to recover from the damage inflicted in the Middle East war.

"If we left right now, it would take Iran 20, 25 years to rebuild," he said. "We're not finished at all... we're not leaving right now.

- Houthi threat -

Kuwait's army said Wednesday its air defences were engaging with drone attacks from Iran, the latest round of Tehran's reprisals.

US ally Bahrain said Tuesday it intercepted Iranian attacks as sirens sounded repeatedly, while Kuwait and Jordan said they had intercepted drone and missile strikes.

The Iranian army had said it targeted US assets in Kuwait and Bahrain, including air defence systems, radar installations and administrative buildings.

"With this radar sweep, the enemy should prepare for even more decisive and powerful waves of drone and missile attacks," the Guards said in a statement carried by state news agency IRNA.

Trump said he would "take care of" Yemen's Iran-backed Houthi rebels if they followed through on a threat Monday to blockade Saudi Arabia's ports.

"If something like that happens, we take care of it," Trump said. "We've done that with the Houthis before, and we haven't heard from them in a while since we did what we did originally."

Saudi Arabia strongly condemned the threat from what it called the "terrorist Houthi militia".

It remains unclear how the Houthis would enforce such a blockade.

But maritime intelligence provider Vanguard Tech said a Singapore-flagged tanker and a Liberia-flagged tanker both "reversed course" in the Red Sea after loading crude at the Saudi port of Yanbu.

If the Houthis make good on the threat, they could endanger Riyadh's ability to bypass the Strait of Hormuz for some oil exports, with major repercussions for the global economy.

Saudi Arabia and the Houthis traded fire last week for the first time in years, threatening a 2022 truce, but the rebels have largely remained on the sidelines since Israel and the United States attacked Iran in late February.

The Revolutionary Guards said Tuesday that two tankers attempting to transit the strait "were hit by explosions, resulting in massive fires that brought them to a standstill".

The UK Maritime Trade Operations agency earlier reported that an "unknown projectile" struck a tanker off the coast of Oman.

Despite the fighting, Iranian foreign ministry spokesman Esmaeil Baqaei said diplomatic exchanges with Washington through mediators were continuing.

Mediator Pakistan's Prime Minister Shehbaz Sharif called for restraint during a meeting with Iran's Interior Minister Eskandar Momeni.

Sharif urged all sides to "refrain from actions that could further destabilise the region", his office said.

B.Clarke--ThChM