The Pentagon is asking Congress for a massive supplemental funding package totaling up to $88 billion, primarily for military operations against Iran.
The request, submitted by the Trump administration, allocates approximately $67 billion to the Pentagon for munitions replenishment and operational costs for Operation Epic Fury.
The cost projection has spiraled dramatically. Initial estimates in mid-May 2026 were around $29 billion. The formal request just weeks later has nearly tripled that figure.
Defense Secretary Pete Hegseth and Deputy Defense Secretary Stephen Feinberg are leading the case for the funds. On Capitol Hill, Senator Jim Banks and Senate Majority Leader John Thune are key figures in navigating the request.
The package faces significant skepticism in Congress. Lawmakers are seeking clarity on the conflict's duration and justification.
The conflict includes military confrontations between US, Israeli, and Iranian forces, with naval disruptions in the Strait of Hormuz.
These disruptions directly impact global oil prices, affecting broader economic conditions and market sentiment.