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The financial cost of the Iran war to American taxpayers is being understated by officials and could balloon into the trillions of dollars over the long term, The Intercept has warned.

[…]

The $12 billion estimate given on Sunday by Trump economic adviser Kevin Hassett does not account for the cost of the buildup in the Middle East that preceded the US-Israeli attack in late February, the outlet stated. A three-week war would directly cost between $60 billion and $130 billion, rising to $250 billion if it extends to eight weeks, government sources told the outlet.

Lawmakers expect the administration to add at least $50 billion to the $1.5 trillion War Department budget request for fiscal year 2027.

Long-term expenses – including veteran’s benefits and interest on additional debt – could push the total into trillions, similar to the Iraq War, the report stressed. The George W. Bush administration initially estimated the cost of toppling Saddam Hussein at $40 billion, but independent assessments put the figure at around $8 trillion by 2021.