US costs of Iran war rise to over US$47bil, Pentagon estimates

The cost of the US military campaign in Iran has exceeded $47 billion, according to the Pentagon, a figure that is more than 25% higher than the initial estimate of $37.5 billion provided by Defense Secretary Pete Hegseth in July. The Pentagon's estimate, which has not been made public, includes the operational costs of the war, as well as the replacement of military equipment and platform losses.

These losses encompass the destruction of aircraft and drones, totaling over $6 billion. The war's impact on global energy costs has negatively influenced public support for Republican candidates and President Donald Trump's approval ratings. The war was initiated jointly by the US and Israel in February, with Trump anticipating a short conflict.

Initially, the US aimed to use expensive, precise missiles to strike Iran's defenses, followed by less costly munitions such as gravity bombs. However, a ceasefire in April enabled Iran to recover some of its defenses, including missiles and drones. Trump has since imposed a naval blockade on Iran, aiming to reduce oil export revenue, and has hinted at the possibility of resuming combat operations post the midterm elections. Pentagon officials are reportedly preparing for a potential escalation if directed to do so.