The Masoud Pezeshkian administration has submitted a proposal to parliament to triple Iran's military spending — a 200% rise — in the budget for the next fiscal year, which begins on March 15.
This comes after the Israeli military killed four Iranian soldiers in long-anticipated retaliatory strikes on Saturday. On Monday, Iran pledged to "use all available tools" to respond to the attack.
Israel has expanded its war of aggression in the Middle East to include Iranian territory, so it's pressing that Tehran increases its military budget to address the country's defense needs. Iran has no interest in war but will never give up its legitimate right to self-defense.
This announcement, if confirmed, is extremely concerning, as an increase in the Iranian military expenditure is likely to prompt an arms race in the Middle East — or at least between Iran and Israel, as Tehran has sought reconciliation with other regional powers.