Trump Considers Renewed Military Action Against Iran Amid Rising Costs

May 12, 2026

69 min

May 12, 2026 17:30

Trump weighs restarting Iran combat operations as US cost of war nearing $29b

## Ceasefire in Jeopardy

The ceasefire between the US and Iran is under severe strain as President Donald Trump considers resuming military operations. Trump has dismissed Iran's latest proposal, labeling it "unacceptable," and has vowed to achieve "complete victory" over Tehran. Iran, in response, has declared its readiness for any potential conflict.

## Economic and Global Implications

The ongoing conflict has significantly impacted global energy markets, with Aramco's CEO warning of prolonged supply disruptions even if the Strait of Hormuz reopens soon. The war also threatens global food security due to potential disruptions in fertilizer shipments from Gulf ports.

## Rising Costs of War

The financial burden of the US-Iran conflict has escalated, with the Pentagon revising the cost to $29 billion, up from $25 billion. This increase reflects higher expenses related to military equipment repairs and ongoing operations in the region.

## International Reactions and Efforts

India has launched a $1.5 billion maritime insurance pool to protect its shipping sector from Middle East tensions. Meanwhile, Pakistan and China are discussing mediation efforts between the US and Iran, emphasizing the importance of maintaining a ceasefire.

## Trump’s Diplomatic Moves

President Trump is set to visit China for talks with President Xi Jinping, where the Middle East conflict will be a key topic. The visit aims to address various issues, including arms sales and trade relations, alongside the ongoing war.

Read the full story at the source

What you need to know to get Emirates ID?

Leave your details and get a guide as a gift to avoid mistakes

Article contents