Donald Trump said that the US profits from Venezuelan oil are ten times greater than the costs of the military campaign against Iran. The president has presented oil revenues as a financial argument to defend his policies as the costs of the conflict rise. By mid-October, the US action against Iran had cost about $47.1 billion, according to US Central Command estimates reported to Congress. About 29 billion went to renew ordered ammunition, another 6.1 billion to replace lost equipment. Additional costs to support the army and to support the operation are estimated at almost 12 billion dollars. The comparison to Venezuelan oil remains Trump's own statement: he did not provide a detailed calculation of the declared tenfold profit. However, the military estimate does not include damage to US bases from retaliatory strikes. Even if oil revenues increase, this does not eliminate the need to separately calculate direct military losses and future reconstruction costs. Ξeconomics.

Donald Trump said that the US profits from Venezuelan oil are ten times greater than the costs of the military campaign against Iran. The president has presented oil revenues as a financial argument to defend his policies as the costs of the conflict rise. By mid-October, the US action against Iran had cost about $47.1 billion, according to US Central Command estimates reported to Congress. About 29 billion went to renew ordered ammunition, another 6.1 billion to replace lost equipment. Additional costs to support the army and to support the operation are estimated at almost 12 billion dollars. The comparison to Venezuelan oil remains Trump's own statement: he did not provide a detailed calculation of the declared tenfold profit. However, the military estimate does not include damage to US bases from retaliatory strikes. Even if oil revenues increase, this does not eliminate the need to separately calculate direct military losses and future reconstruction costs. Ξeconomics.