What happened
President Donald Trump and Defense Secretary Pete Hegseth on Thursday defended an upcoming funding request to pay for the ongoing Iran war, as Congress balked at the reported $200 billion price tag. The global cost of the conflict rose again as oil prices surged above $119 a barrel before settling at just under $109 after a chaotic day of trading. Qatar’s state energy company said retaliatory Iranian strikes on its Ras Laffan energy hub had cut its natural gas capacity by 17%, costing an estimated $20 billion in lost annual revenue and affecting deliveries to Europe and Asia.
Who said what
“Obviously, it takes money to kill bad guys,” Hegseth told reporters Thursday. “As far as the $200 billion, I think that number could move.” Trump called the unspecified funding request “a small price to pay to make sure that we stay tippy-top,” pointing to the “vast amounts of ammunition” needed. It “was not immediately clear” how long the $200 billion was intended to last or “what operations it would cover,” The New York Times said. But the “significant sum” suggests that the Pentagon is “preparing for a significant engagement.”
The funding request “met with stiff opposition” in Congress, Reuters said, “as Democrats and even some Republicans questioned the need for the money” after they “approved record funding for the military” over the past year. Republican leaders “do not believe they have the votes to fund the war even in their own party without far more detailed plans from the White House,” CNN said.
While some House Republicans “blanched” at the $200 billion price tag, others are “embracing the eye-popping number to help energize a stalled” effort to pass a second GOP-only reconciliation bill, Axios said. Senate Republicans are “decidedly cooler” on that plan. “The alternative — relying on a handful of Democrats to push it through the Senate — doesn’t look any more likely,” Politico said, as “energy prices rise and more Democratic lawmakers dig in against an unpopular war.”
What next?
The $200 billion funding fight “could turn into a referendum on the war in Congress,” Axios said, which could be harrowing for Republicans given the “unpopularity of the war” and “the Pentagon’s existing $1 trillion budget.” Already, “anxiety is creeping up in the GOP,” CNN said, as the war drags on and energy prices soar ahead of this fall’s “critical election.”
It comes as oil prices also rose above $119 per barrel
