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Trump Resumes Hormuz Bombing as Pentagon Warns $67 B Funding Gap

7/10/2026

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Story summary
  • U.S. President Donald Trump resumed bombing Iranian targets in the Strait of Hormuz after ending a ceasefire.
  • The Pentagon warned it could exhaust cash on hand without an emergency $67 billion supplement as the war’s price climbs to $132 billion.
  • Trump urged Congress to approve a $350 billion Recon 3.0 defense package and the SAVE AMERICA ACT.
  • Both the House and Senate passed non-binding resolutions in June condemning the war against Iran.