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White House Seeks $87.6bn for Iran War Costs

The White House has formally requested congressional approval for an $87.6 billion spending package, with the majority of the funds earmarked for costs linked to the ongoing US military operation against Iran. According to the administration, about $67 billion of the proposed funding would be allocated to the Department of Defense to support military requirements arising from the conflict. The request was submitted Wednesday by the Office of Management and Budget in a letter addressed to House Speaker Mike Johnson. The proposal arrives at a politically sensitive moment. Although a ceasefire between Washington and Tehran is currently in place, the conflict remains controversial among American voters ahead of the November midterm elections. The issue has also exposed divisions within President Donald Trump’s Republican Party. The funding request outlines several major defense-related expenditures, including $21 billion for munitions, $17.3 billion for […]

Abubakar June 25, 2026

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international

US envoy Witkoff headed to Switzerland for Iran talks — reports

US Special Envoy Steve Witkoff is heading to Switzerland where the first round of talks with Iran on a potential nuclear deal is expected to take place, a US official told Axios. US official said Trump's envoy Jared Kushner is already in Switzerland for the negotiations, which were supposed to start Friday but were postponed because of fighting between Israel and Hezbollah in Lebanon. Both Witkoff and Iranian Foreign Minister Abbas Araqchi were headed to Switzerland for talks, as a ceasefire in Lebanon appeared to revive efforts to turn the interim Iran war pact into a lasting regional deal. The development follows a 14-point memorandum the US and Iran signed this week to halt fighting and open a 60-day window to resolve disputes over Iran's nuclear programme and other thorny issues needed for a durable deal. With the ceasefire in […]

Abdulmumini Auwal SA June 20, 2026

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international

US says it needs $80bn for Iran war, other bills

The US Department of Defense has told lawmakers it needs about $80 billion in emergency funding to cover costs from the Iran war as well as other non-war-related bills, according to briefings cited in US media reports. Deputy Defense Secretary Stephen Feinberg communicated the request to members of Congress in phone calls this week, with the Wall Street Journal reporting that the $80 billion figure is now the Pentagon’s target for an urgent supplemental package. The planned request would not be limited to the military alone, as the full US supplemental proposal is expected to include money for the Pentagon alongside non-defense priorities such as farm support and disaster relief. US officials previously indicated that the Iran war has cost around $25 billion so far, marking the first official estimate of the financial toll of the conflict. Earlier projections from […]

Abdulmumini Auwal SA June 19, 2026

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international

US says it needs $80bn for Iran war, other bills

The US Department of Defense has told lawmakers it needs about $80 billion in emergency funding to cover costs from the Iran war as well as other non-war-related bills, according to briefings cited in US media reports. Deputy Defense Secretary Stephen Feinberg communicated the request to members of Congress in phone calls this week, with the Wall Street Journal reporting that the $80 billion figure is now the Pentagon’s target for an urgent supplemental package. The planned request would not be limited to the military alone, as the full US supplemental proposal is expected to include money for the Pentagon alongside non-defense priorities such as farm support and disaster relief. US officials previously indicated that the Iran war has cost around $25 billion so far, marking the first official estimate of the financial toll of the conflict. Earlier projections from […]

Abdulmumini Auwal SA June 19, 2026

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international

US Eyes Redirecting Iranian Assets to Gulf Allies for Reconstruction

The U.S. government will attempt to redirect Iranian assets to Gulf states for rebuilding and repairs of damage caused by Iran, including future destruction expected to be inflicted by Tehran, a source familiar with the matter said on Saturday. The move comes a day after a wave of attacks by Iran against Kuwait and Bahrain. U.S. Treasury Secretary Scott Bessent has also directed a team to assess costs for damage already inflicted on Gulf allies by Iran. The United States will consider using Iranian assets for those repairs as well, according to the source. The source did not specify what kind of assets the Treasury was examining. The language used to describe the new measures did not appear limited to frozen assets, suggesting that the U.S. could examine a broader range of Iranian financial holdings. The Trump administration is seeking […]

Abdulmumini Auwal SA June 7, 2026

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international

Oil Prices Bounce Higher After New US Strikes on Iran

Oil prices jumped higher after the United States launched fresh self-defense strikes on Iranian targets, shattering earlier hopes for an imminent peace deal and raising fears of further disruption to global energy supplies. Brent crude, the international benchmark, reclaimed nearly all of Monday’s losses, climbing by $1.40 or 1.5 per cent to settle at $97.56 per barrel shortly after the US military action began. US crude (WTI) also rose, recovering part of the sharp selloff that had seen prices drop nearly 7 per cent earlier in the session. The US strikes targeted missile launch sites and a drone control facility near Bandar Abbas in southern Iran, as well as vessels attempting to lay mines close to the Strait of Hormuz. The renewed escalation reignited concerns about the security of the vital waterway, which Iran has effectively blocked since March and […]

Abdulmumini Auwal SA May 28, 2026

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international

US Hits Iran With New Strikes Despite Talks to End War

US forces launched new strikes on missile sites in southern Iran and boats attempting to lay mines on Monday, imperiling a fragile ceasefire and casting fresh doubt on ongoing negotiations to end the Middle East war. The US Central Command said the self-defense operations in southern Iran were conducted on Monday to protect American troops from threats posed by Iranian forces. Captain Tim Hawkins, the spokesperson for US Central Command, stated the strikes targeted missile launch facilities and vessels trying to emplace mines, though additional attack details were not immediately disclosed. The strikes came as senior Iranian negotiators convened in Doha to discuss the cessation of hostilities with the United States, despite both parties downplaying the likelihood of a swift agreement. The ongoing conflict ignited by a US-Israeli offensive that began February 28 continues, moderated by a ceasefire that started […]

Abdulmumini Auwal SA May 26, 2026

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international

Rubio Tells NATO Ministers Trump Very Disappointed Over Iran War Stance

US Secretary of State Marco Rubio has told NATO ministers that President Donald Trump is very disappointed with alliance members that have not allowed the United States to use military bases on their soil for operations in the Iran war. In a pointed remark to reporters in Miami before departing for a NATO foreign ministers' gathering in Helsingborg Sweden Rubio singled out Spain for refusing US access to its bases. He questioned why nations like Spain remain in NATO if they deny the United States use of their military facilities. Rubio said You have nations like Spain refusing us access to these bases so why are you part of NATO That's a very legitimate inquiry. He added that to be fair other NATO members have been quite supportive but this is a matter that needs addressing. This marks Rubio's first […]

Abdulmumini Auwal SA May 22, 2026

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international

India Faces Pressure From Iran War

As the conflict involving Iran enters its third month with no clear resolution in sight, Indian Prime Minister Narendra Modi has urged citizens to reduce spending and conserve resources amid growing economic pressure linked to rising global energy costs. Speaking during a public event in Hyderabad, Modi encouraged Indians to work from home when possible, limit unnecessary foreign travel, reduce fuel consumption and avoid excessive purchases of gold. The appeal has drawn comparisons to the Covid-19 period, when the government relied on nationwide public participation to manage economic and social challenges. This time, the government’s focus is on protecting India’s foreign exchange reserves and limiting pressure on the national economy as the war in the Middle East disrupts global energy markets. India remains heavily dependent on imported energy, purchasing nearly 90% of its crude oil and about half of its […]

Abubakar May 15, 2026

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international

Trump heads to China, says no need for Xi’s help on Iran war

US President Donald Trump has travelled to China for a crucial summit with President Xi Jinping, declaring that he does not expect to need Beijing’s help to end the ongoing war with Iran. Speaking to reporters before departing Washington, Trump downplayed China’s potential role in resolving the conflict, which has severely disrupted shipping through the Strait of Hormuz. “I don’t think we need any help with Iran. We’ll win it one way or the other, peacefully or otherwise,” he said, in comments that underscored his determination to project confidence despite mounting costs and diplomatic pressure. The war has seen both the US and Iran impede maritime traffic in a waterway that normally carries around one-fifth of the world’s oil supply. Trump’s remarks contrast with expectations from some analysts and allies, who had hoped China might use its economic ties with […]

Abdulmumini Auwal SA May 13, 2026

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