Officials from ​President Donald Trump's administration estimated during a congressional briefing this week that the ‌first six days of the war on Iran had cost the United States at least $11.3 billion,

U.S. ⁠President ⁠Donald Trump's administration said ⁠it used $5.6 billion in munitions during the first two ​days of strikes against Iran in a report provided to U.S. congressional ‌committees, a source familiar ‌with the information said on Tuesday.

President Donald Trump said Wednesday the U.S. will release crude oil from the Strategic Petroleum Reserve, its boldest attempt yet to bring down oil prices that have spiked since the U.S. launched its war against Iran.

The president called rising oil prices short-term and "small" prices to pay in a March 8 post. Those who think otherwise, he wrote, are "fools."

Oil prices briefly shot to their highest level since 2022 a day after Iran selected Ayatollah Mojtaba Khamenei to succeed his late father as Iran’s supreme leader. Investors saw it as a signal that Iran was digging in 10 days into the war launched by the United States and Israel.

Oil prices fell sharply Tuesday after US President Donald Trump said the war with Iran would be over “very soon,” though they remain volatile and well above their levels before the conflict started.

President Donald Trump said he would waive oil-related sanctions, have the US Navy escort tankers through the Strait of Hormuz and predicted on Monday that the war with Iran would resolve “very soon” as he confronted mounting economic and political pressure and days of dramatic fluctuations in oil markets.

The US president says Iran's "leaders are gone" and "we could do a lot worse". Meanwhile, the UAE says it's responding to incoming missile and drone threats from Iran.