politics
U.S. War Costs Against Iran Reach $29 Billion as Trump Says Tehran Cannot Be Allowed Nuclear Weapon
President Trump dismissed Iran's latest peace proposal as "Totally Unacceptable" and said the ceasefire is "on life support." The conflict's price tag has climbed to $29 billion, while inflation accelerated in April to 3.8 percent amid rising energy costs. Kuwait arrested four Iranians linked to an alleged infiltration attempt on Bubiyan Island.
May 12, 5:00 PM·3m read1 source
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U.S. " He posted on Truth Social on Tuesday that it is "virtual TREASON" for the news media to say that Iran is doing well in the war. "When the Fake News says that the Iranian enemy is doing well, Militarily, against us, it's virtual TREASON in that it is such a false, and even preposterous, statement," Mr.
Trump said. S. " Before leaving for China on Tuesday, Trump was asked what his red line will be to end the ceasefire with Iran.
He said they will be thinking about the red line on the long plane ride to Beijing. "Well, we're going to see," he said. "And we'll be thinking about it on the flight and we'll be thinking about it for the next little while.
" "The most important thing is that Iran cannot have a nuclear weapon," he said. He added that the stock market is at an all-time high. "I don't think" Xi needs to do anything to intervene with Iran, Trump said of Chinese President Xi Jinping.
Last week, President Trump told Fox News that China "could help a lot more" on reopening the Strait of Hormuz. The speaker of Iran's parliament said the Islamic Republic's military is ready to "teach a lesson" to any aggressor.
U.S. Ambassador to Israel Mike Huckabee said on Tuesday that Israel sent anti-missile batteries and personnel to the UAE. The cost of the war in Iran has grown to $29 billion as of Tuesday, acting Pentagon comptroller Jules Hurst testified before House and Senate subcommittees on Tuesday.
U.S. Officials familiar with internal assessments suggested the war could already have cost close to $50 billion. 8 percent, the highest since May 2023, according to the Labor Department. 6 percent in April from the prior month.
