Iran war has cost US $38b, Congressional Budget Office says
Iran war has cost US $38 bn, Congressional Budget Office says
The Congressional Budget Office (CBO) estimates that the United States has spent approximately $38 billion on the war in Iran as of August 1, 2026. The nonpartisan agency warns that monthly expenses could increase to between $2 and $3 billion or more if the conflict continues. The war began following US-Israeli strikes on Iran in late February 2026.
The CBO report indicates that the Department of Defense has allocated around $38 billion thus far to address the armed conflict. US military, economic, and covert strategies remain in place to monitor the evolving situation, with mounting tensions between the US and Iran over the Strait of Hormuz. The crisis has disrupted tanker traffic and oil prices, while Houthi attacks have injured civilians in Saudi Arabia.
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