News Update : Over $40bn & global fuel crisis: What it cost US and the world to 'open' Strait of Hormuz - AASHISH SAXENA

A costly US military operation, dubbed 'Epic Fury,' aimed at reopening the Strait of Hormuz has resulted in billions spent, hundreds of aircraft lost, and thousands of lives lost across the region. Despite the immense price, Iran maintains the strait was never closed, highlighting a stark paradox in the conflict's outcome and its devastating global impact on trade and energy. A costly US military operation, dubbed 'Epic Fury,' aimed at reopening the Strait of Hormuz has resulted in billions spent, hundreds of aircraft lost, and thousands of lives lost across the region. Despite the immense price, Iran maintains the strait was never closed, highlighting a stark paradox in the conflict's outcome and its devastating global impact on trade and energy. Source: https://timesofindia.indiatimes.com/world/middle-east/over-40bn-thousands-of-deaths-global-fuel-crisis-what-it-cost-us-and-the-world-to-open-strait-of-hormuz/articleshow/131739346.cms Date: 2026-06-15T13:23:35.000Z