KABUL: The first two days of the U.S.-Iran conflict have seen the use of $5.6 billion worth of rare military equipment, raising questions in Congress about the Trump administration’s preparedness and decision-making, according to reports from Western media on Monday night.
Analysts cited by The Washington Post warn that if hostilities persist, the economic toll on the United States could reach $40 billion to $95 billion. The article notes that the conflict has already imposed “very heavy” economic and military costs and predicts that further escalation would exacerbate global inflation, push energy prices higher, slow economic growth, and destabilize financial markets.
The report comes as the conflict enters its eleventh day, with rising oil prices prompting countries worldwide to implement emergency energy-saving measures.