Iran War Nears $40B as Half of Voters Say Sending US Troops Was a Mistake
Higher energy prices from the conflict are expected to put upward pressure on consumer prices and drive inflation next year.
The war in Iran has cost the U.S. military nearly $40 billion, according to new analysis from the Congressional Budget Office (CBO). This includes expenses such as replacing expended weapons and equipment, increased flying hours, higher fuel costs, and other operational costs. The conflict could continue to add around $2 billion per month if fighting remains at lower levels, but costs could rise to approximately $3 billion per month should fighting escalate.
Beyond military spending, the war is also driving inflation, primarily due to reduced oil and natural gas shipments through the Strait of Hormuz and disruptions to shipping through the Red Sea. This has led to higher global energy prices, which in turn are causing consumer prices to rise. A new poll by the Economist/YouGov found that half of U.S. registered voters believe sending troops to fight in Iran was a mistake, with 56% stating they felt this way "a lot" and 34% saying "a little."
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