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Iran war costs US $11.3 billion; AGM‑154 bombs used in initial strikes bought by US Navy 20 years ago

TT Editor·Updated: 12 Mar 2026 1:44 pm IST
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Iran war costs US $11.3 billion; AGM‑154 bombs used in initial strikes bought by US Navy 20 years ago

The ongoing conflict between Iran and the United States has escalated significantly, resulting in over 1,200 fatalities, many of whom are civilians. As the war enters its second week, the financial toll has soared to approximately $11.3 billion. This rapid expenditure highlights the intense military operations, including the use of AGM-154 bombs, which were initially procured by the US Navy two decades ago. The situation poses a complex challenge for President Trump, who is grappling with declining approval ratings amid growing public concern over the war's direction and its humanitarian consequences. The conflict's implications extend beyond immediate military engagements, raising questions about long-term stability in the region and the US's strategic interests. As events unfold, the international community watches closely, anticipating the potential for further escalation or diplomatic resolution.

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