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April 30, 2026 1:06 PM

US war in Iran has cost $25 billion so far, says Pentagon official

The United States' war in Iran has cost $25 billion so far, a senior Pentagon official said on Wednesday, providing the first official estimate of the military's price tag for the conflict. With just six months before midterm elections in which President Donald Trump's Republicans may face an uphill battle to keep their House majority, Democrats are riding high in public opinion polls as they attempt to link the unpopular Iran war with affordability. Jules Hurst, who is performing the duties o...

April 24, 2026 11:59 AM

Iran fast-boat swarms add to Hormuz threats for shipping

Iran's use of a swarm of small, fast boats to seize two container ships near the Strait of Hormuz could undermine suggestions U.S. forces have disabled its naval threat and reveals the challenges facing reopening one of the world's most important oil export routes. U.S. President Donald Trump on Monday acknowledged that while Iran’s conventional navy had been largely destroyed, its "fast-attack ships" had not been considered much of a threat. He said any such vessels coming near a U.S. block...

April 24, 2026 10:02 AM

Asia shares mixed, oil advances on US-Iran deadlock

Asia shares struggled on Friday and oil prices resumed their rise, as a shaky ceasefire in the Middle East war and stalled U.S.-Iran peace talks gave investors little to cheer. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.3% and was set to end the week with a 0.8% gain, while Japan's Nikkei added 0.45% and stocks in South Korea , China and Hong Kong fell. Nasdaq futures NQc1 and S&P 500 futures advanced 0.6% and 0.1%, respectively, after closing lower in the cash ses...

February 17, 2026 5:16 PM

Trump backs US-Iran talks in Geneva, cautions of fallout if efforts collapse

American President Donald Trump said he would be “involved in those talks indirectly” as US and Iranian officials prepare to meet in Geneva, expressing hope for a breakthrough while warning of consequences if diplomacy fails. “Typically, Iran's a very tough negotiator,” Trump told reporters abroad Air Force One on his way back from Florida. “I hope, I hope they be more reasonable. They want to make a deal.” He added, “I don't think they want the consequences of not making a deal....