Iran war cost hits $38 billion, forecast to rise $3 billion a month, CBO says
WASHINGTON, Sept 15 (Reuters) - The six-month-old U.S. war against Iran has cost $38 billion so far and that amount is projected to rise by $3 billion a month, Congress' nonpartisan bookkeeper reported on Tuesday, as the Trump administration searches for ways to end the conflict and reopen the vital Strait of Hormuz.
On Tuesday, the Congressional Budget Office (CBO) reported that the United States' six-month-old war against Iran has already cost $38 billion. The budget accounting organization expects this figure to rise by $3 billion each month. The ongoing conflict has strained U.S. munitions stockpiles, with the Pentagon estimating it could take five years to replenish its supplies.
By August 1, the war had driven up energy prices and raised concerns about the country's ability to respond to other potential conflicts, adding pressure on an already stretched federal budget. The majority of the costs stem from the rapid drawdown of munitions, with over 18 U.S. military service members losing their lives in the conflict.
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