"The first six days of the Iran war cost the US $12.7bn, but now the Pentagon is seeking as much as $200bn in military funding. Oil at $125 a barrel is no longer an Iranian, or Russian, fantasy."
"The regime in Tehran, fighting for its survival, had long warned that if it were attacked it would retaliate by targeting American bases in the region."
"Iran also said a new phase of the conflict would begin if its energy facilities were attacked. Ali Larijani, the assassinated Iranian security chief, set this out explicitly to the Gulf states."
Brinkmanship was essential during the Cold War, but today's geopolitical landscape is more unstable. The Iran war has incurred $12.7 billion in costs for the US in its first six days, with the Pentagon seeking $200 billion in military funding. Oil prices have surged, and the world's largest liquefied natural gas plant in Qatar may take five years to fully reopen. The human toll includes 18,000 injured and over 3,000 killed in Iran. Iran has warned of retaliation against American bases, escalating the conflict further.
Read at www.theguardian.com
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