U.S. Imposes Naval Blockade on Iranian Ports as Ceasefire Holds After Failed Talks

S. S. forces started a blockade of Iranian ports on Monday. A fragile ceasefire is in place after peace talks over the weekend failed. -Israeli operation against the Islamic Republic began on February 28.

Roughly 55,000 troops were deployed in the region. Three F-15 fighter jets were shot down due to friendly fire from Kuwait. 3 billion, according to the Pentagon.

Ceasefire Follows 40 Days of Live Conflict Bilmes' research was published two days before the temporary ceasefire announcement on April 8.

Bilmes estimates short-term upfront costs at around $2 billion per day during the 40 days of live conflict. The Pentagon reports figures based on the historical value of inventory. " Large multi-year contracts with Lockheed Martin and Boeing are for interceptors and missiles.

S. is $4 million per interceptor. Drones fired from Iran can be produced for $30,000 each.

Expert Estimates Total War Costs at $1 Trillion Professor Linda Bilmes is a public policy expert at the Harvard Kennedy School.

" The Iraq war cost $2 trillion in total. Debt held by the public during the Iraq war period was under $4 trillion. S. public debt today is over $31 trillion. S. public debt stems from previous wars in Iraq and Afghanistan.

" Professor Linda Bilmes stated "The result is that the interest costs alone will add billions of dollars to the total cost of this war.

White House Seeks Defense Budget Increase The White House asked Congress to boost the U.S.

5 trillion. The Pentagon asked for $200 billion to be put aside for the war in Iran.

Stock Market Recoups Losses Since War Began The S&P 500 closed over +1% higher.

The S&P 500 posted its highest close since the Iran War began. The S&P 500 has added over +$5 trillion since the March 30th bottom. The S&P 500 is now higher than it was on February 27. S. and Israel started the war against Iran.

The S&P 500 has recouped all its losses since the Middle East war started on February 28.