The Pentagon says the war cost $25 billion. A congressman said the real number — in economic costs to American households — is $631 billion, or $5,000 per family. The secretary of defense called it a gotcha question. Then Trump formally rejected Iran's peace proposal and extended the blockade indefinitely. Brent hit $122.
The Rest of the World Report | April 29, 2026…
The Pentagon says the war cost $25 billion. A congressman said the real number — in economic costs to American households — is $631 billion, or $5,000 per family. The secretary of defense called it a gotcha question. Then Trump formally rejected Iran's peace proposal and extended the blockade indefinitely. Brent hit $122.