PAKISTAN READER

IRAN

The US-Iran War: Washington’s war costs top USD 47 billion; Iran calls Qatar’s latest draft "unacceptable ideas"

On 28 October, Reuters reported that the US military has spent over USD 47 billion on the eight-month war in Iran, more than 25 per cent higher than July estimates, with USD 29 billion directed toward replacing expended munitions and USD 6 billion for equipment losses, according to internal Pentagon data. The escalating financial and political toll arrives as Qatar and Pakistan’s mediators attempt to broker a new seven-day peace framework coordinated with Washington to end the war. However, a senior Iran official dismissed Qatar’s latest draft as "unacceptable ideas," maintaining that Tehran will not show flexibility on its nuclear program until the US lifts its naval blockade and oil sanctions. Meanwhile, Qatar urged Iran to demonstrate good intentions by halting threats against Gulf states and reopening the Strait of Hormuz. Global oil prices shoot above USD 115 per barrel amid fears of renewed US strikes following upcoming midterm elections.

(“US costs of Iran war rise to over $47 billion, according to Pentagon estimate,” Reuters, 28 October 2026; “Qatar says Iran needs to show good intentions for mediation efforts to succeed,” Reuters, 28 October 2026; “Iran sees only unacceptable ideas in latest mediation to end war, official says,” Reuters, 28 October 2026)

JORDAN and SYRIA
Both countries to form joint security committee after deadly strikes on Islamic State sites

On 28 October, Reuters reported that Jordan and Syria have agreed to establish a joint security committee to review the details and consequences of Jordan’s recent airstrikes against Islamic State positions in southern Syria, according to a joint statement from both foreign ministries. Jordan’s Foreign Minister Ayman Safadi informed his Syrian counterpart, Asaad al-Shaibani, that recent strikes relied on field intelligence aimed at neutralising imminent security threats to Jordan. While Safadi expressed deep regret over civilian casualties resulting from the military operation, the newly formed panel will examine the strikes' repercussions and coordinate cross-border security measures.

(“Jordan, Syria to form security committee after deadly strikes on Islamic State sites,” Reuters, 28 October 2026)