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Iran live updates: Pentagon seeks additional $67.1B in part to cover Iran war costs

The request includes $1.5 billion for fuel and $21 billion for munitions.

Last Updated: June 24, 2026, 7:52 PM EDT

President Donald Trump announced "major combat operations" against Iran on Feb. 28, with massive joint U.S.-Israeli strikes targeting military, government and infrastructure sites.

Delegations from the United States and Iran arrived over the weekend at the Bürgenstock resort in Switzerland, where they entered negotiations aimed at a war-ending deal based on a memorandum of understanding signed last week by both countries.

3 hours and 23 minutes ago

Pentagon seeks additional $67.1B in part to cover Iran war costs

An $87.6 billion supplemental budget request to Congress from the Trump administration includes $67.1 billion for the Pentagon, partly to cover the costs incurred during the Iran war.

It includes:

$1.5 billion for fuel -- oil and gas prices surged during the war, which has strained the Pentagon's budget.

$21 billion for munitions costs -- it’s unclear whether this will be used to replace missiles and bombs used against Iran or includes additional purchases.

$17.3 billion for "operational costs" and another $1.7 billion for "readiness," which are generally large umbrella terms that can mean training or other costs associated with the day-to-day running of the services and related to costs incurred during the war by having so many ships, aircraft and personnel deployed in the Middle East for the conflict.

It can also contain funds to make up for shortfalls within the military to include day-to-day costs and training operations.

Costs associated with repairing base infrastructure destroyed by Iran are not covered by the supplemental budget.

Jay Hurst, the Pentagon comptroller, told lawmakers last month that given that it's unclear what the long-term Middle East footprint is going to be, there hasn't yet been a notable plan developed to rebuild bases abroad.

4:34 PM EDT

IDF to remain in Lebanon, Netanyahu vows

The Israel Defense Forces will maintain a security zone in southern Lebanon, Prime Minister Benjamin Netanyahu vowed on Wednesday.

"As long as I am Prime Minister, Iran will not have nuclear weapons. And another thing, as long as I am Prime Minister, we will maintain the security zone in southern Lebanon," Netanyahu said at a municipal government summit in Tel Aviv.

"There is more work to be done, in Gaza, in Lebanon, and against Iran too," Netanyahu continued.

In the lengthy remarks, Netanyahu touted his government's achievements against Iran, Hezbollah in Lebanon and Hamas in Gaza

"Iran would already have had an atomic bomb to destroy us, and we have averted that. We have averted the immediate threat of thousands of ballistic missiles," Netanyahu said.

In earlier remarks at the summit, Israeli Defense Minister Israel Katz said the U.S. had not asked Israel to withdraw from Lebanon and said that Israel would not withdraw from Lebanon even if the U.S. demanded it.

"We've made it clear, the Prime Minister to the President, me to Hegseth the minister of war -- the IDF, we are there to protect the residents of the north," Katz said when asked if Israel would withdraw from Lebanon if the U.S. demanded it.

-ABC News' Jordana Miller

10:46 AM EDT

31 crossings in Strait of Hormuz Tuesday

Thirty-one crossings were recorded in the strait of Hormuz on Tuesday, according to Kpler.

At least 17 tankers carrying Iranian cargo are currently in transit, carrying approximately 14.8 million barrels, according to maritime intelligence companies Windward and Vortexa.

"Iran's oil exports are back to normal," Windward analyst Michelle Wiese Bockmann noted.

Twenty of the 31 crossings on Tuesday were outbound transits, ships leaving the Persian Gulf, Kpler said.

"The use of Iranian, Omani and IMO routes points to functioning passage patterns under the US-Iran MoU, but seven dark or unknown-route crossings underline that transparency remains incomplete. With no new physical attacks confirmed since 10 May, the picture is improving, though not yet fully normalised," Kpler said in a situational update.

10:45 AM EDT

Trump says Iran informed US there would be "NO TOLLS" in Strait of Hormuz

President Donald Trump said Iran told the U.S. there would be "NO TOLLS, NO INSURANCE COSTS, & NO OTHER CHARGES OF ANY KIND" for ship navigating the Strait of Hormuz.

Claims to the contrary are "troublemaking" false reports, Trump said in a post on social media.

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