US Pentagon Official says the Iran war cost is at USD 29bln
Context
The mention of the Iran war cost reaching USD 29 billion could heighten geopolitical tensions and uncertainty in the region. This may lead to increased volatility in energy prices, particularly oil and gas, affecting WTI and potentially impacting currencies like the USD and JPY as risk sentiment shifts. Traders should monitor how this developing situation influences market sentiment and asset flows, especially in the commodity and forex markets.
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