Iran war cost hits $38 billion, forecast to rise $3 billion a month, CBO says
By Jacob Bogage 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. The war is expected to increase inflation by 0.5% in the first…
The US war against Iran has cost the Department of Defense over $38 billion through August, with monthly expenses potentially reaching an additional $2-$3 billion depending on the intensity of fighting, according to the nonpartisan Congressional Budget Office (CBO) on September 15. The conflict's broader economic impact is being felt through higher inflation, primarily due to disruptions to oil and natural gas shipments, with Iran's retaliation including the blocking of the Strait of Hormuz.
Inflation projections for the first quarter of 2027 are expected to be about 0.5 percentage points higher than previously forecast, potentially leading to increased interest rates on US Treasury securities. The CBO's estimate, which does not include costs related to military personnel killed or injured, or longer-term veterans' healthcare and disability compensation, was prepared following a request from Rep. Brendan Boyle and other Democratic lawmakers.
The analysis, which aligns with a previous assessment by Defense Secretary Pete Hegseth, highlights concerns about US military stockpiles, with a Pentagon inspector general report noting "strategic inventory shortfalls" due to the war.
Written by urgent.news from Live Mint's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- The US fired over $22 billion in munitions fighting Iran and created stockpile shortages in the process, watchdog finds businessinsider.com
- Iran War Cost Hits $38 Billion, Forecast to Rise $3 Billion a Month, CBO Says japannews.yomiuri.co.jp
- Iran war cost hits $38 billion, forecast to rise $3 billion a month, CBO says dailymaverick.co.za
- Iran War could cost $2 billion per month, Congressional Budget Office estimates cbsnews.com
- Iran war costs US military $38 billion as CBO warns of billions more in monthly expenses livemint.com
- Iran war cost hits $38 billion, forecast to rise $3 billion a month, CBO says koreatimes.co.kr
- Iran war cost US $38bn and significantly depleted missile stockpile, report finds theguardian.com
- Iran War Cost Hits $38 Billion, Forecast to Rise $3 Billion a month, CBO Says insurancejournal.com
