Hegseth hearing exposes Iran-war costs as Trump rejects Iran proposal

Live updates show Defense Secretary Pete Hegseth grilled for hours over the Iran war’s costs and strategy, with officials confirming about $25 billion spent so far—mostly on munitions—and a proposed $1.5 trillion budget for 2027; elsewhere, President Trump says he’s rejecting Iran’s latest proposal to reopen the Strait of Hormuz in exchange for lifting the blockade, while diplomacy and oil-market dynamics (UAE leaving OPEC, Putin’s involvement on uranium) unfold alongside regional tensions.