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 Watchdog confirms Iran war drained key military stocks

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

Oil prices could surge , by some energy experts' reckoning, as the conflict rattles oil shipping lanes in the Middle East. In China, oil throughput increased in August. Fuel exports rebounded in the same period.

Within Trump's US supporters, a generational split over the conflict has emerged. Older and younger groups see the conflict differently . The official toll was set at 33.4 billion dollars. The munitions shortfall stemmed from the conflict . The impact on military bases showed up in the watchdog's tally. The conflict has divided the political base .

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