Pentagon poised to ask Congress for up to $200 billion to fund Iran war
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Iranian strikes on oil and gas facilities across the Persian Gulf sent shockwaves through global energy markets a day after Israel struck Iran's main natural gas complex. President Trump sought to reassure Americans as gas prices surge, even as the Pentagon appears poised to ask Congress for up to $200 billion for the war effort. Special correspondent Leila Molana-Allen reports.
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Pentagon poised to ask Congress for up to $200 billion to fund Iran war Mar 19, 2026 6:55 PM EDT By — Leila Molana-Allen Leila Molana-Allen By — Sonia Kopelev Sonia Kopelev Leave your feedback Share Copy URL Email Facebook Twitter LinkedIn Pinterest Tumblr Share on Facebook Share on Twitter Transcript Audio Iranian strikes on oil and gas facilities across the Persian Gulf sent shockwaves through global energy markets a day after Israel struck Iran's main natural gas complex. President Trump sought to reassure Americans as gas prices surge, even as the Pentagon appears poised to ask Congress for up to $200 billion for the war effort. Special correspondent Leila Molana-Allen reports. Read the Full Transcript Notice: Transcripts are machine and human generated and lightly edited for accuracy. They may contain errors. Geoff Bennett: Welcome to the "News Hour." Iranian strikes on oil and gas facilities across the Persian Gulf sent shockwaves through global energy markets today, a day after Israel struck Iran's main natural gas complex. For his part, President Trump sought to reassure Americans as gas prices surge, even as the Pentagon appears poised to ask Congress for up to $200 billion for the war effort. Our special correspondent, Leila Molana-Allen, has more. Leila Molana-Allen: Today, across the Middle East, oil fields inflames. Iran ramped up its attacks on the economic lifeblood of the region, striking an oil refinery in Saudi Arabia and several in Kuwait, sending the price of Brent crude oil to a staggering $119 a barrel this morning in response to an unprecedented Israeli airstrike on the South Pars gas reserve, a mammoth deposit of gas beneath the Persian Gulf that could supply the entire world for over a decade. The Iranian-Qatari co-owned reserve is the biggest domestic gas supplier for Iran. President Trump today condemned the strike. Question, have you talked to Prime Minister Netanyahu about attacking the oil and gas fields? President Donald Trump: Yes, I ...
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