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

Apr 29, 2026

80 min

Apr 29, 2026 21:30

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

## War Costs and Blockade Plans

The ongoing conflict between the US and Iran has incurred an estimated cost of $25 billion, according to a Pentagon official. The expenses are primarily attributed to munitions in the operation named "Epic Fury." Despite the financial burden, US Defense Secretary Pete Hegseth defended the expenditure, emphasizing the importance of preventing Iran from acquiring nuclear weapons.

US President Donald Trump is considering extending the naval blockade of Iran for several months. This strategy aims to alleviate global oil market pressures while maintaining economic pressure on Iran.

## Diplomatic Developments

Iran has proposed ending its control over the Strait of Hormuz if the US lifts its blockade and ceases hostilities. However, President Trump appears unlikely to accept this offer without addressing Iran's nuclear program.

Russian President Vladimir Putin and President Trump discussed the Middle East situation, with Putin supporting the extension of the ceasefire to facilitate negotiations.

## Economic Impact

Oil prices have surged, with Brent crude exceeding $119 per barrel, the highest since 2022. This increase is linked to the conflict's impact on the Strait of Hormuz, a critical route for oil shipments.

The UAE's decision to exit OPEC has further influenced oil markets, reflecting its strategic shift in energy policy.

## Regional Tensions

In Lebanon, President Joseph Aoun insists on Israel fully implementing the ceasefire before engaging in direct talks. Meanwhile, Israel's military chief has vowed to target Hezbollah beyond the "Yellow Line" in southern Lebanon.

Iran's parliament speaker accused the US of attempting to create internal divisions through its naval blockade, aiming to weaken Iran from within.

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