DOHA/WASHINGTON: A request by the United States military for an additional $200 billion in funding for the ongoing war with Iran faced strong resistance in the US Congress on Thursday, with lawmakers from both parties questioning the need for fresh spending.
The debate comes amid escalating regional tensions following Iranian strikes on key energy facilities in Qatar, Saudi Arabia and Kuwait, which have rattled global markets.
According to media reports, a US F-35 fighter jet made an emergency landing at a regional airbase after being hit by suspected Iranian fire, marking a significant development in the conflict.
US President Donald Trump said Washington would respond strongly if Tehran continues attacks on Gulf energy infrastructure, particularly in Qatar. However, he added that there were no current plans to deploy ground troops.
Iran, in response, warned it would exercise “zero restraint” if its own energy facilities are targeted again, raising fears of further escalation.
Global oil markets have been severely impacted, with Brent crude prices surging as high as $119 per barrel before easing slightly. European gas prices also jumped sharply following missile strikes on Qatar’s Ras Laffan Industrial City, which reportedly sustained extensive damage.
The conflict, which began on February 28, has already disrupted shipping through the Strait of Hormuz — a critical route for global energy supplies.
Iranian attacks have also spread to other parts of the region. Drone strikes caused fires at refineries in Saudi Arabia, while similar incidents were reported at major oil facilities in Kuwait. In Israel, local media reported damage to infrastructure in the port city of Haifa.
Meanwhile, six major economies, including France, Germany and Japan, said they were prepared to support efforts to ensure safe navigation through the Gulf.
International organisations, including the International Maritime Organisation, have called for the establishment of a temporary maritime corridor to protect commercial shipping.
Amid rising economic concerns, the International Monetary Fund warned that prolonged high energy prices could push global inflation higher and slow economic growth.
Despite the intensifying conflict, US Defence Secretary Pete Hegseth said there was no fixed timeline for ending the war, adding that the decision would ultimately rest with the president.
Diplomatic efforts are continuing, with calls from the United Nations and several world leaders urging an immediate ceasefire to prevent further escalation in the region.