Mmastodon BusinessMarkets first seen 1 d ago, last 7 h ago, peak #9
US military loses $3.3 billion in aircraft during Iran conflict
Original: 🟠 UPDATE US Military Incurs $3.3 Billion Losses from Aircraft Downed in Iran Conflict Supertanker rates hit a record $1.
Reports say the US military has incurred roughly $3.3 billion in losses from aircraft downed in the conflict with Iran. At the same time, supertanker rates on Persian Gulf-Asia routes have hit a record $1.4 million per day, surging 40% in the first week of October as the war disrupts shipping. Commenters are weighing the escalating military and economic costs of the conflict.
Why now: Escalating war costs and record tanker rates are driving fresh concern about the conflict's economic impact.
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