Cost of Iran war increases to $29 billion so far, Pentagon official says

As the US defense bill for the war with Iran is now estimated to be about $29 billion, the conflict’s disruption to major energy infrastructure is threatening to keep gas prices high for Americans. Here’s the latest on oil and other key headlines from Tuesday: US Energy Department officials raised their forecast for gas prices and warned oil futures will likely stay above $100 a barrel in the coming weeks. Retail gas prices are now expected to average $3.88 a gallon this year and $3.62 next, according to the new EIA projections. One of the world’s largest onshore gas processing…