US-Iran Ceasefire: $25 Billion War Cost and Potential Extended Blockade

Apr 29, 2026

70 min

Apr 29, 2026 17:30

US-Iran ceasefire: The war has cost estimated $25 billion, says US, while Trump plans long blockade of Iran's ports

## US-Iran Conflict Costs and Developments

The ongoing conflict between the United States and Iran has resulted in a financial burden of approximately $25 billion for the US, according to a Pentagon official. This expenditure primarily covers munitions under "Operation Epic Fury."

## Potential Extended Blockade

President Donald Trump is considering prolonging the naval blockade of Iran, potentially lasting several months. This strategy aims to maintain pressure on Iran, particularly concerning its nuclear program, despite Iran's offer to ease tensions by lifting its blockade of the Strait of Hormuz.

## International Reactions and Economic Impact

The conflict has significantly impacted global oil markets, with Brent crude prices rising above $111 per barrel. The UAE's decision to exit OPEC further influences the market dynamics. Meanwhile, TotalEnergies reported a 51% profit increase in the first quarter, attributed to higher oil prices amid the Middle East tensions.

## Political and Military Tensions

In Lebanon, Israeli military actions continue despite a ceasefire, with Israel's military chief vowing to target Hezbollah beyond the "Yellow Line." Meanwhile, US Defense Secretary Pete Hegseth faced criticism from lawmakers over the war's direction and its implications for regional stability.

## Humanitarian Concerns

The conflict has exacerbated humanitarian issues, with over 1.2 million people in Lebanon facing acute hunger, as reported by the UN. The blockade and ongoing hostilities have disrupted essential supplies, worsening the situation for civilians in the region.

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