$25bn or $1 trillion: How much has Iran war really cost the US?

U.S. Defense Secretary Pete Hegseth stated during a Congressional hearing that the cost of the war on Iran is $25 billion, mainly for munitions and equipment maintenance. However, Democratic leaders and economists believe the actual cost could range from $630 billion to $1 trillion. As the war drags on with no agreement in sight, the Trump administration has requested a $1.5 trillion defense budget for next year, marking the largest military spending increase since World War II.