Oil price could surge to $US150 as war engulfs major Middle East supply routes, analysts say - ABC News & Headlines - Australian Broadcasting Corporation

Latest News About Iran war cost leaves US weapons stockpiles short

The US Pentagon reports the Iran war cost 33.4 billion dollars. That spending left shortfalls in strategic weapons and munitions . A US watchdog agency confirmed the munitions gap . It also tallied impacts on weapons stockpiles and military bases .

Oil prices might jump, by some energy experts' reckoning, as the conflict rattles oil shipping lanes in the Middle East. In China, oil throughput climbed in August. Fuel exports bounced back in the same period.

Within Trump's US supporters, an age gap in views on the war has emerged. Older and younger groups take contrasting positions. The official toll was estimated at 33.4 billion dollars. The munitions shortfall came from wartime spending. The impact on military bases was part of the watchdog's review . The conflict has created an age gap in opinions.

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