US Defense Secretary: Iran operations cost $55.5 trillion won, up $12 trillion in two months

U.S. Secretary of Defense Pete Hegses revealed that military operations against Iran have incurred costs totaling $37.5 billion, approximately 55.5 trillion Korean won. Hegses disclosed this figure during a Senate Appropriations Committee hearing in Washington on July 21.

This latest estimate represents a significant increase from the $29 billion (about 43 trillion won) figure previously reported by the Pentagon just two months prior. The earlier cost announcement had drawn criticism for its perceived low return on investment.

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This includes the amount spent on military operations to date and projected spending through September 30 (end of the fiscal year).

However, the Pentagon has not provided specific details regarding the methodology used to arrive at the $37.5 billion total. Hegses stated that the figure includes current expenditures and projected spending through the end of the fiscal year on September 30.

The hearing marked the first time Secretary Hegses has addressed Congress regarding the military operations against Iran since their resumption. He confirmed that approximately $67 billion of the $87.6 billion in additional funding requested by President Trump is related to the Department of Defense's budget.

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Largely correct.