The United States has spent more than $42 billion on its military operation against Iran, according to the Iran War Cost Tracker, which cited a Pentagon briefing delivered to Congress. Washington spent $11.3 billion in just the first six days of the operation. With the conflict now in its 37th day, costs continue to mount rapidly.
The figures add to concerns about the financial burden the Middle East conflict places on the US economy and the broader impact on global markets. Professor Michael Hudson from the University of Missouri in Kansas City warned that the world could face one of the largest economic crises since the Great Depression as a result of the conflict.
Markets are already under pressure from rising energy prices, uncertainty over transport routes, and increased borrowing costs globally. If the conflict continues at its current intensity, the billions spent by the US could become just part of a much larger picture, with consequences felt by the world’s largest economies and citizens alike through rising prices, inflation, and new market instability.
Source: Pentagon briefing via Iran War Cost Tracker, as reported by Informer.rs