AI Summary
5 min readDefense Secretary Pete Hegseth told House lawmakers yesterday that the United States has spent $25 billion on the war in Iran so far, a figure that Maine independent Senator Angus King plans to press him on today when Hegseth appears before the Senate Armed Services Committee. King told NPR’s Morning Edition he suspects the number is a “low ball estimate” and noted it does not account for the “six hundred and fifty million dollars a day it’s costing us all at the pump.” Oil spiked to around $120 a barrel in trading before settling back to roughly $113, after President Trump told the Axios news website he intends to keep the U.S. naval blockade on Iran until it agrees to a nuclear deal. Trump has rejected an Iranian proposal to open the Strait of Hormuz in exchange for lifting the blockade on Iranian vessels, telling Axios he sees the blockade as “somewhat more effective than the bombing” and that he does not want Iran to have a nuclear weapon. He said it was time for Iran to “cry uncle and say we give up.” Iran’s lead negotiator, Mohammed Ghalibaf, wrote on X that oil prices would soon hit $140 on the back of what he called the “junk advice” Trump is getting, and that Iran will safeguard its nuclear assets.
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What you'll learn
- 1 (00:03) **Defense Secretary Hegseth Testifies on Iran War Costs** - Hegseth appears before the Senate after a House hearing where lawmakers learned the U.S. has spent $25 billion on the war in Iran so far.
- 2 (01:37) **Iranian Negotiator Warns of $140 Oil** - Iran's lead negotiator, Mohammed Ghalibaf, posted on X that oil prices will soon hit $140 due to "junk advice" Trump is receiving, and that Iran will safeguard its nuclear assets.
- 3 (02:05) **Elon Musk Cross-Examined in OpenAI Lawsuit** - Musk is being questioned by lawyers for OpenAI and Microsoft in his lawsuit against CEO Sam Altman in California.
- 4 (03:00) **House Passes DHS Funding Blueprint** - The House narrowly passed a blueprint to fund the Department of Homeland Security, which has been partly shut down since mid-February.
- 5 (03:31) **Key FISA Surveillance Power Set to Expire** - A key section of the Foreign Intelligence Surveillance Act (FISA) expires tonight, with a matter going to the Senate but little time remaining.
- 6 (03:52) **First International Fossil Fuel Transition Conference Concludes** - More than 50 countries, including large fossil fuel producers, attended the conference in Santa Marta, Colombia, focused on concrete ways to leave fossil fuels behind.
- 7 Standout Quotes
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