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US Launches 11th Night of Iran Strikes as War Bill Hits $37.5 Billion
NDTV·Wednesday, 22 July 2026
The US military carried out its 11th consecutive night of strikes on Iran. Defense Secretary Pete Hegseth said the war has cost the United States $37.5 billion so far, up from a previous estimate of nearly $29 billion in mid-May. The death toll has reached 18 US service members killed since the conflict began, with a third American soldier now identified.
Why It Matters
A prolonged US-Iran war is disrupting shipping through the Strait of Hormuz, a critical route for global oil supplies that directly affects fuel prices and inflation in India.
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