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War in Iran has cost the US $37.5 billion so far, Pentagon says

Hegseth told lawmakers at a ​hearing in Washington that the $37.5 billion included certain aspects of the war as well as anticipated costs through September 30.

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The cost of the United States’ war in Iran has risen to $37.5 billion ​so far, U.S. Defense Secretary Pete Hegseth said on Tuesday, as he faced skeptical lawmakers for the first time since heavy ‌bombings resumed to seek urgent funding for the unpopular conflict, Reuters reported.

With just six months before midterm elections in which President Donald Trump’s Republicans may face an uphill battle to keep their House of Representatives and Senate majorities, Democrats are riding high in public opinion polls as they attempt to link the unpopular Iran war with affordability.

Hegseth told lawmakers at a ​hearing in Washington that the $37.5 billion included certain aspects of the war as well as anticipated costs through September 30.

It was unclear ​how the Pentagon arrived at the figure. A source told Reuters in March that Trump’s administration estimated the first six ⁠days of the war had cost at least $11.3 billion.

Trump asked Congress last month for nearly $90 billion in additional funding, most of it related to the Iran conflict, ​setting the stage for another fight with lawmakers frustrated with the war and facing the November midterms.

Both Republican and Democratic lawmakers have complained since the U.S. ​and Israel began bombing Iran on February 28 that Trump and his team have not kept them informed about the conflict or his plans.

“The president is threatening escalation and war crimes, and suggesting this could be another forever war,” Senator Patty Murray, the top Democrat on the Appropriations Committee, said at the hearing. Trump has repeatedly issued severe ​threats against Iran, including against civilian infrastructure, which critics say would be a war crime.

Trump’s Republicans hold such slim margins in the House and ​Senate that appropriations bills typically need Democratic support to pass.

“The reason why they (people) are so upset with you and this administration is because the words you have used in ‌the past ⁠don’t add up,” Democratic Senator Kirsten Gillibrand said. “It’s either over, or it’s not over. It’s within two weeks, or it’s not two weeks, it’s either missiles or it’s not missiles.”

Hegseth also told lawmakers that military training would need to be curtailed without an urgent funding boost.

The war has strained the Pentagon’s nearly $1 trillion budget and risks funding for military personnel matters. Chairman of the Joint Chiefs of Staff, General Dan Caine, acknowledged that potential ​cost during the hearing, saying that while ​they would figure out how ⁠to pay service members, the Pentagon could struggle with maintenance costs as well as investing in future capabilities, read the report.

Hegseth called on lawmakers to not just fund the supplemental request but also a $1.5 trillion budget request for 2027.

“Not funding this ​department at $1.5 trillion, I believe, is the greatest threat that our nation faces,” Hegseth said.

A fragile ceasefire between ​the U.S. and Iran ⁠collapsed earlier this month and both sides have been carrying out daily strikes against each other.

The number of U.S. troops killed in the war on Iran rose to 18 over the weekend, while roughly 430 U.S. troops have been injured. The Pentagon said on Monday that 100 service members were injured since July 7, but that ⁠96% have ​returned to duty.

In the past week, Trump has threatened to expand the targets being struck ​in Iran to include energy plants and bridges, send ground forces to seize Iran’s Kharg Island oil hub and bomb a deep-underground nuclear-linked site known as Pickaxe Mountain.

On Tuesday, Trump said ​the U.S. would take out the mountain facility “pretty soon.”

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US envoys make first Kyiv visit amid Ukraine war peace push

Kushner and Witkoff travelled ‌from Moscow, where they held three hours of talks with Russian President Vladimir Putin on Saturday but did not appear to secure a breakthrough in the conflict, Reuters reported.

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U.S. peace envoys Jared Kushner and Steve Witkoff met with Ukrainian President ​Volodymyr Zelenskiy in Kyiv on Sunday as the Trump administration renewed its push to end Russia’s four-and-a-half-year war in Ukraine.

Kushner and Witkoff travelled ‌from Moscow, where they held three hours of talks with Russian President Vladimir Putin on Saturday but did not appear to secure a breakthrough in the conflict, Reuters reported.

Previous rounds of U.S.-mediated peace talks encouraged by President Donald Trump, who campaigned on a promise to quickly end the war, have yielded few results. He suggested on Friday that the U.S. had a fresh proposal though he did not ​elaborate.

Kremlin aide Yuri Ushakov described Saturday’s meeting as “highly useful”, while a White House official told Reuters that next steps would be announced in the ​coming weeks.

The two envoys met Zelenskiy and other top Ukrainian officials in central Kyiv.

Zelenskiy, who believes Washington will be key to ⁠any peace deal, has said a window of opportunity to make peace exists before the U.S. begins focusing on its next presidential election.

After the first round ​of talks between Ukrainian and U.S. negotiators that lasted about three hours, the U.S. envoys said that they were looking forward to making more progress.

“Substantive, important, and we ​are very encouraged,” Witkoff told reporters after the talks, which also included a working lunch.

Zelenskiy said that more talks, which would also include European representatives, were planned later on Sunday. British, French and German national security advisers were in Kyiv on Sunday.

“Security guarantees are needed. A dignified post-war peace is needed. Our proposals have been drawn up,” Zelenskiy said as his negotiating team ​was preparing to meet U.S. envoys.

CAUTIOUS OPTIMISM ON THE STREETS OF KYIV

Witkoff and Kushner, Trump’s son-in-law, have visited Moscow several times in their roles as peace envoys. ​But Sunday is their first visit to Kyiv in their capacity as U.S. negotiators.

Their visit has long been sought by Ukraine’s leadership, and on the streets of Kyiv, which has been bombarded ‌heavily in ⁠recent weeks, some residents were hopeful.

“The issue can be solved in the blink of an eye. We want peace. I’ve fought myself, so I know what war is like. We need peace, because there’s no other way,” said military veteran Stepan Yermak.

In previous talks, the sides have remained far apart on key issues, including the future of the eastern Ukrainian region of Donbas. Russia has demanded Ukraine’s withdrawal from an entrenched belt of towns that it still controls there, but Kyiv has refused, ​reasoning that it can still hold ​on.

For Ukraine, hard security guarantees from ⁠its European allies and the U.S. are crucial to deterring Russia from invading again.

“We need an agreement that will never be broken,” said Svitlana Kurylenko, a 19-year-old cafe worker.

“Just leave Ukraine alone and let people live in peace.”

TEMPORARY HALT IN STRIKES

Though ​the front lines of the ground war remain largely static, both Russian and Ukrainian forces have intensified long-range air strikes ​in recent weeks.

Russia has ⁠pounded the Ukrainian capital day and night with missiles and drones for the past two weeks, including an attack on Friday on the headquarters of the SBU security service.

The Kremlin has said it would pause strikes on Kyiv until Monday, while Zelenskiy has said Ukraine would also halt strikes on Moscow.

There was no let-up in fighting along the ⁠1,200-km (750-mile) front, however, ​and Russia bombarded other Ukrainian cities on Saturday.

Ukraine has inflicted damaging hits throughout the summer on ​Russian refineries, oil terminals and the warehouses of online retailer Wildberries, in an attempt to raise the cost to Moscow of continuing the war.

Ukraine said on Sunday it had struck the Ryazan oil ​refinery, around 480 km (300 miles) inside Russia, overnight, causing a fire.

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World food prices at highest since 2022 as supply risks mount, FAO says

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World ​food prices rose in August to their highest since late 2022, as adverse weather and ‌war disruption in the Black Sea heightened concern over supply of staples, the United Nations’ Food and Agriculture Organization said on Friday.

Extreme heat and drought in Europe, the threat of a severe El Nino weather pattern and trade upheaval caused by the Ukraine ​and Iran wars have unsettled agricultural markets, pushing grain prices to three-year highs and sugar to a one-year ​peak.

The FAO Food Price Index, which tracks monthly changes in a basket of internationally traded ⁠food commodities, averaged 133.3 points in August, up from July’s revised reading of 130.8.

That was the highest ​score since November 2022, though nearly 17% below a record peak from March 2022, after Russia’s full-scale invasion of ​Ukraine.

“August’s increase in global food prices is a warning that the risk premium is returning to food markets: climate shocks, geopolitical tensions and disrupted trade logistics are converging to tighten supply expectations,” FAO Chief Economist Maximo Torero said in a statement.

The FAO’s ​price benchmarks for cereals, vegetable oils, sugar, meat and dairy all rose in August.

The extreme weather in Europe ​affected prospects for the maize (corn) and sugar beet harvests as well as livestock output, while the anticipated El Nino phenomenon ‌fuelled concerns ⁠for palm oil and sugar output in Asia, it said.

Escalating attacks in the Black Sea have curtailed grain shipments from Russia and Ukraine in their 4-1/2-year-old war, while the U.S.-Iran conflict was straining flows of fertiliser for crops.

Among food categories, FAO’s cereals price index rose 2.2% month-on-month to its highest since May 2024, and the ​vegetable oil index edged up ​0.6% to its highest ⁠since June 2022.

The agency’s sugar benchmark jumped 11.9% to its highest since June 2025, with lower production in Brazil’s crucial center-south region adding to weather concerns in ​Europe and Asia.

In a separate report, the agency cut its 2026 global cereal production ​forecast by ⁠3.4 million metric tons from a previous estimate in July to 2.980 billion tons, now 2.0% below 2025 in the largest annual decline since 2018.

Projected output would still be the second-largest on record, however.

Forecast world cereal stocks at the close of 2026/2027 were revised ⁠down ​1.1% to 947.2 million tons, now only marginally above the previous ​season.

A reduced estimate of coarse grain stocks outweighed an upward revision for wheat that reflected an anticipated build-up in Russian and Ukrainian stocks ​due to shipping disruption, the FAO said.

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South Korea reviews military options for Strait of Hormuz

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South Korea is reviewing a range of options, including possible military measures, to support freedom of navigation in the Strait of Hormuz, the presidential office said on Friday, while denying reports that Seoul had already decided to deploy military assets.

Several South Korean media outlets, including JTBC and MBC, reported on Thursday that the government was preparing to deploy military assets to the region before the end of the year and could seek parliamentary approval as early as this month.

The reports said options under consideration included a maritime patrol aircraft, a logistics support vessel and a mine detection and clearance unit.

A presidential official confirmed that South Korea was discussing practical ways to contribute to freedom of navigation in the strategic waterway and that military measures were among the options being reviewed.

“Nothing has been decided,” the official told reporters, adding that Seoul would need to consider domestic legal procedures, military readiness on the Korean Peninsula and the possibility of parliamentary approval before taking any action.

The official also rejected reports that South Korea had provided no assistance related to the Strait of Hormuz, saying Seoul had long been discussing possible practical contributions with the international community.

South Korea has also been discussing the scale and nature of any potential contribution with countries including the United States, Britain and France, according to local media reports.

President Lee Jae Myung could discuss South Korea’s options regarding the Strait of Hormuz when he meets French President Emmanuel Macron next week, the presidential official said.

The issue comes amid heightened tensions surrounding the Strait of Hormuz, a major global energy shipping route. U.S. President Donald Trump said in an August social media post that he had scaled back joint military exercises with South Korea partly because Seoul had declined to assist the United States in its war against Iran.

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