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The six-month-old US war against Iran has cost $38bn so far and that amount is projected to rise by $3bn a month, Congress’ nonpartisan bookkeeper reported Tuesday, as the Trump administration searches for ways to end the conflict and reopen the vital Strait of Hormuz.The war is expected to increase inflation by 0.5% in the first three months of 2027, according to the Congressional Budget Office accounting, which totaled expenses through August 1.The mounting costs have strained US munitions stockpiles and driven up energy prices, raising concerns about the country’s ability to respond to other potential conflicts and adding pressure on an already stretched federal budget.The cost was close to the $37.5bn that Defense Secretary Pete Hegseth reported at a Senate hearing on July 21.The budget office said the majority of the costs stem from the rapid drawdown of munitions, estimating that it could take five years to replenish US stockpiles. Reuters reported in August that the US had used “virtually all” of its long-range precision missiles during the war.The Department of Defense did not cooperate with congressional financial auditors, CBO reported.Representatives from the White House and Department of Defense did not immediately respond to requests for comment.The inquiry was conducted at the request of the top Democrat on the US House of Representatives Budget Committee, Brendan Boyle of Pennsylvania.”Donald Trump’s disastrous war in Iran has already taken the lives of brave American service members and left others wounded,” Boyle said in a statement.”Beyond that human toll, this nonpartisan CBO report makes clear that the war has also cost American taxpayers tens of billions of dollars and counting, while continuing to drive up costs.”Eighteen US military service members have died in the Iran war.The report did not include costs of recent strikes on commercial vessels in the Strait of Hormuz and attacks on US military installations in the region. It also did not factor in the borrowing expenses associated with financing the war, which could add tens of billions of dollars to the total cost.The CBO accounting found the war could have sprawling consequences for the US defense posture and the domestic economy.The deficit in critical munitions, including missile interceptors, risks hampering the Pentagon’s response in the event of another major conflict, such as potential hostilities involving China and Taiwan, CBO said.At the July hearing in the Senate, Hegseth pleaded for nearly $90bn emergency funding legislation to restock munitions supplies.”Without these funds, we face critical shortfalls,” Hegseth said.Energy shocks caused by attacks in the Strait of Hormuz — the narrow waterway through which roughly 20% of the world’s oil traveled before the war — and on energy facilities in neighboring Gulf countries have sharply increased prices for consumers and global producers.The rising cost of the war also threatens to weigh on deteriorating US fiscal health. The nation’s total public debt surpassed $40tn in August.Trump regularly contrasts the Iran war with the US invasions of Iraq and Afghanistan that followed the September 11, 2001, attacks.The eight-year US war in Iraq, which involved more than 100,000 ground troops at its peak, cost $2tn, Reuters reported. The two-decade-long US conflict in Afghanistan, which also involved more than 100,000 troops at its most intense, cost $2.3tn, according to Brown University’s Costs of War project. Related Story Source link
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Indonesia’s National Search and Rescue Agency (Basarnas) launched a major search operation for the Virgo Transport 8 passenger ship carrying 243 people after it lost contact in the Java Sea early Sunday.Head of the search and rescue office in Banjarmasin I Putu Sudayana said the vessel lost contact around 2 a.m. local time after encountering severe weather while sailing from Surabaya to Banjarmasin.A six-person initial response team was deployed aboard rescue vessel KN SAR Laksmana 241 and headed for the ship’s last known position, about a five-hour journey by sea. Source link
Houthis tighten grip on Red Sea shippingSaudi Arabia has shut down its East-West pipeline, after the vital oil conduit came under aerial attack in the widening Middle East war, threatening to send energy prices even higher. The world’s largest crude oil exporter said it temporarily closed the pipeline as a precaution after a drone attack that both Baghdad and Riyadh said had originated in Iraq, where Iranian-backed militias operate. Iraq dismissed a military commander yesterday in response to the attack. The 1,200km pipeline running across the Arabian Peninsula has served as the main route out for global supplies of Middle East oil for the past six months while the Strait of Hormuz has been largely shut by war. It has been moving 4-5mn barrels per day, amounting to 4-5% of global supply, sparing Saudi Arabia the brunt of the disruption that has crippled other Gulf oil and gas exporters. There was no immediate claim of responsibility for the strikes. Satellite images showed black smoke rising from an area of the pipeline south of Medina. The attack resulted in some injuries and damage that was being assessed, the Saudi Foreign Ministry said without detailing the impact on exports. US President Donald Trump, visiting Ireland to attend a golf tournament at one of his resorts, said Iran was probably to blame. Oil prices shot up over the past week and the retail price of diesel in the United States surged past a record $6 a gallon, as the United States and Iran both fired on tankers and the Iran-aligned Houthis in Yemenadvanced along the Red Sea, potentially extending disruption to another major oil route. Washington now faces a dilemma over whether to help the Saudis fight the Houthis, risking further expansion of the war. Source link
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Podar Pearl School, Doha, proudly welcomes Mr. Rakesh Singh Tomar as its new Principal, effective 20 August 2026. His appointment marks a significant milestone for the school, bringing new impetus and fresh perspectives to its continued pursuit of academic excellence and holistic education. With over 28 years of experience in education, including more than 18 years in senior leadership, Mr. Tomar brings a distinguished professional profile shaped by his work across India, Qatar and Oman. His expertise encompasses the CBSE, ICSE, IB and IGCSE curricula, alongside extensive experience in academic development, school improvement, teacher empowerment, institutional governance and parent engagement. An accomplished and progressive education leader, Mr. Tomar has previously served as Principal of Doha Modern Indian School, Qatar and Founder Principal and CEO of Indian School Bousher, Muscat, Oman. His contributions to the education sector have earned notable recognition, including being named among the 100 Most Promising Principals in India and receiving the Most Innovative Principal – Indian Schools Oman award. The School Management and the entire Podar Pearl School community extend a warm and enthusiastic welcome to Mr. Tomar. His appointment will strengthen the school’s educational environment, facilitate meaningful collaboration across the community and create new opportunities for students and educators to thrive. The Management also expresses its sincere appreciation to Ms. Rathi Ramanujam, Vice Principal, for her dedicated service and effective leadership as Acting Principal during the transition.With this new chapter, Podar Pearl School looks forward to building on its achievements, exploring new possibilities and nurturing every learner to realise their full potential. Related Story Source link
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