Trump’s war a $15 billion budget hit – and it could get much worse
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Source: The Age
Published: 2026-05-12 19:40 UTC+10:00
Section: Politics / Federal
Factuality Score: 100
Opinion Category: Neutral
Topics: Politics, Middle East, Military & Defence, Iran, Energy, Economy & Finance, Tax & Budget, US Politics, Business & Economy, War & Conflict
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Snippet:
US President Donald Trump’s war with Iran has forced the government to spend an extra $15 billion over four years, slashing economic growth forecasts and spurring warnings of a disastrous spike in inflation if the conflict drags on and oil prices surge to as much as $US200 a barrel.
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