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Iran's top diplomat says Netanyahu’s gamble has directly cost America $100 billion so far

Iran's top diplomat says Netanyahu’s gamble has directly cost America $100 billion so far

By The South Asia Times

 

TEHRAN - Iran’s Foreign Minister Seyed Abbas Araghchi accused the Pentagon of a massive cover-up on Friday, charging that Prime Minister Benjamin Netanyahu’s decision to launch war against Iran has already cost the United States $100 billion -- four times the figure officially acknowledged by the Defense Department.

 

In a blistering post on X, Araghchi directly challenged testimony delivered earlier this week by Pentagon Comptroller Jules Hurst III, who told Congress that “Operation Epic Fury” had cost approximately $25 billion since the conflict began on February 28.

 

“The Pentagon is lying,” Araghchi wrote. “Netanyahu’s gamble has directly cost America $100b so far, four times what is claimed.”

 

The Iranian minister then broadened his indictment to include what he called the hidden economic war being waged on American taxpayers. “Indirect costs for U.S. taxpayers are FAR higher,” he said. “Monthly bill for each American household is $500 and rising fast.”

 

Araghchi concluded his post with a sharp political attack aimed at the heart of the US-Israel alliance: “Israel First always means America Last.”

 

The Pentagon has not yet issued an official response to Araghchi’s allegations. However, multiple news outlets, citing defense officials speaking on condition of anonymity, have reported that the $25 billion figure may represent a significant undercount, as it does not include the cost of repairing or replacing US military facilities and equipment damaged by Iranian retaliatory strikes.

 

According to a report published Wednesday by CNN, the real cost estimate is closer to $40–50 billion when factoring in the restoration of at least nine major US military facilities in Bahrain, Kuwait, Iraq, the UAE, and Qatar that were seriously damaged in the early days of the conflict.

Several critical radar systems were also destroyed, including a THAAD battery radar in Jordan and an Air Force E-3 Sentry aircraft in Saudi Arabia.

 

Araghchi’s $100 billion figure, if accurate, would represent more than double even those higher estimates, suggesting either a dramatic escalation in recent weeks or a broader definition of “direct costs” that Tehran is attributing to American involvement in the war.

 

The Iranian foreign minister’s incendiary claims come against the backdrop of a devastating two-month-old regional war that has not only claimed thousands of lives but has also triggered the most severe disruption to global energy supplies since the 1970s.

 

The conflict erupted on February 28, when the United States and Israel launched coordinated military strikes against targets inside Iran, including in the capital Tehran. The attack resulted in significant damage and civilian casualties. In response, Iran launched retaliatory strikes against Israeli territory and US military facilities across the Gulf region.

 

A fragile ceasefire was announced on April 8 through Pakistani mediation, followed by talks in Islamabad on April 11. However, no formal agreement has been reached. President Donald Trump later unilaterally extended the truce at Pakistan’s request, but negotiations remain deadlocked, particularly over Iran’s nuclear program and the status of the Strait of Hormuz.

 

The most consequential development of the war has been Iran’s effective closure of the Strait of Hormuz, the narrow 21-mile-wide waterway between the Persian Gulf and the Gulf of Oman. Roughly 20 percent of the world’s oil and liquefied natural gas passes through this corridor, making it the single most critical energy chokepoint on the planet.

 

Prior to the escalation, an average of 45–50 oil tankers transited the strait each day. In recent weeks, that number has dropped by more than half, and at times of heightened tension, traffic has fallen to near zero.

 

The closure of the Strait of Hormuz has sent shockwaves through the global economy, with American families bearing a heavy burden.

 

Brent crude, the international benchmark, rose 63 percent in March alone, surpassing the 46 percent monthly gain recorded in September 1990 during the first Gulf War. Analysts estimate that sustained instability could keep Brent crude between $100 and $190 per barrel.

 

The US Consumer Price Index jumped 0.9 percent in March, with a record 21.2 percent surge in gasoline prices accounting for more than three-quarters of the monthly gain. On a twelve-month basis, headline inflation hit a near two-year high of 3.3 percent.

The American Institute for Economic Research’s Everyday Price Index, which tracks the price changes of frequently purchased household items, rocketed 2.5 percent in March, its second-largest monthly increase since January 2020.

 

Araghchi’s claim of a $500 monthly “bill” for each American household aligns with broader economic analyses. As one analyst put it, rising energy prices act as a sudden “conflict tax” on income, particularly for fuel-importing economies.

 

As the war enters its third month with no end in sight, Araghchi’s accusation that Netanyahu’s gamble has cost America $100 billion and counting underscores a deepening information war being fought alongside the military one. Whether the figure is accurate or hyperbolic, the economic pain gripping American households is very real, and the political consequences are only beginning to unfold.

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