US War Against Iran Costs $38 Billion, CBO Reports
Summary
The US war against Iran has cost about $38 billion so far, according to the Congressional Budget Office, with costs potentially rising by another $3 billion each month. The conflict is also straining ammunition stockpiles, pushing up energy prices and adding pressure to the federal budget.
Key Points
- The Congressional Budget Office says the six-month war against Iran has cost about $38 billion through August 1.
- If the war continues, the cost could rise by roughly $3 billion a month and add 0.5% to US inflation in early 2027.
- US arms and ammunition stockpiles are being depleted quickly, and replenishing them could take up to five years.
- The Trump administration is seeking ways to end the war and reopen the Strait of Hormuz, while the blockade is affecting global energy markets.
