The Iran war is burning through money faster than expected, and the bill is heading to American taxpayers through new tariffs.

• The Pentagon is running out of war funding within weeks and has asked Congress for another $67 billion.
• Training and maintenance are already being cut back to save money.
• Early war cost estimates of $30 billion look far too low — closer to $100 billion or more.
• New tariffs covering 60 countries and nearly all US trade are coming, framed as a forced-labor crackdown but useful as revenue.
• Jamie Dimon says markets are underpricing the risk and he would not buy stocks or government bonds at these prices.

Outlook: Expect more tariffs and more spending requests, with a talked-about 10-day ceasefire unlikely to hold.