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Breaking Posted 13 hours ago

Pentagon Requests $80 Billion for Iran Conflict and Expenses

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The Pentagon has told US lawmakers it needs $80 billion to fund an Iran conflict and related military expenses, according to the Wall Street Journal. The request signals a significant escalation in military spending commitments amid ongoing geopolitical tensions. USD pairs are in focus as large defense spending requests can widen the US deficit, pressuring the dollar long-term, while risk-off sentiment may boost safe havens like JPY and CHF. USD/JPY and USD/CHF are key pairs to watch, alongside oil-linked currencies such as CAD and NOK given Iran's role in global energy supply.
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