{
  "id": 7607338,
  "title": "Iran war cost hits $38 billion, forecast to rise $3 billion a month, CBO says",
  "url": "https://urgent.news/2026/09/15/iran-war-cost-hits-38-billion-forecast-to-rise-3-billion-a-month-cbo",
  "topic": "world",
  "section": "World",
  "published": "2026-09-15T18:52:03.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times",
    "url": "https://www.koreatimes.co.kr/world/20260916/iran-war-cost-hits-38-billion-forecast-to-rise-3-billion-a-month-cbo-says"
  },
  "original_language": "en",
  "account": "The Congressional Budget Office (CBO) has reported that the United States has spent $38 billion on its ongoing war against Iran, with costs projected to increase by $3 billion per month. This forecast was released on Tuesday, as the Trump administration seeks solutions to end the conflict and reopen the crucial Strait of Hormuz. According to the CBO's accounting through August 1, the war is expected to elevate inflation by 0.5 percent in the first three months of 2027, according to the report.\n\nThe rising costs have put a strain on U.S. munitions stockpiles and contributed to a surge in energy prices, raising concerns about the nation's capacity to handle other potential conflicts. Additionally, the mounting expenses are putting pressure on an already burdened federal budget. The figure is nearly identical to the $37.5 billion reported by Defense Secretary Pete Hegseth during a Senate hearing on July 21.\n\nThe CBO explains that the majority of the expenses are attributed to the swift reduction of munitions, estimating that it could take up to five years to replenish U.S. stockpiles. Reuters had previously reported in August that the U.S. has utilized nearly all of its long-range precision missiles in the war against Iran.",
  "summary": "WASHINGTON — 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 percent in the first three months of 2027,…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 8,
    "also_reported_by": [
      {
        "outlet": "Business Insider",
        "title": "The US fired over $22 billion in munitions fighting Iran and created stockpile shortages in the process, watchdog finds",
        "url": "https://urgent.news/2026/09/15/the-us-fired-over-22-billion-in-munitions-fighting-iran-and-created",
        "published": "2026-09-15T15:17:04.000Z"
      },
      {
        "outlet": "CBS News",
        "title": "Iran war munitions spending led to inventory problems, Pentagon inspector says",
        "url": "https://urgent.news/2026/09/15/iran-war-munitions-spending-led-to-inventory-problems-pentagon",
        "published": "2026-09-15T16:24:10.000Z"
      },
      {
        "outlet": "Times of India",
        "title": "$33.4bn war cost, $22.3bn on munitions: What US lost in 6 months of Iran war",
        "url": "https://urgent.news/2026/09/15/33-4bn-war-cost-22-3bn-on-munitions-what-us-lost-in-6-months-of-iran",
        "published": "2026-09-15T17:02:29.000Z"
      },
      {
        "outlet": "The Korea Times",
        "title": "Iran war cost hits $38 billion, forecast to rise $3 billion a month, CBO says",
        "url": "https://urgent.news/2026/09/15/iran-war-cost-hits-38-billion-forecast-to-rise-3-billion-a-month-cbo-7609588",
        "published": "2026-09-15T19:02:04.000Z"
      },
      {
        "outlet": "CNBC World",
        "title": "Iran war has cost on average $246 million per day in its first five months, CBO finds",
        "url": "https://urgent.news/2026/09/15/iran-war-has-cost-on-average-246-million-per-day-in-its-first-five",
        "published": "2026-09-15T19:19:15.000Z"
      },
      {
        "outlet": "Daily Maverick",
        "title": "Iran war cost hits $38 billion, forecast to rise $3 billion a month, CBO says",
        "url": "https://urgent.news/2026/09/15/iran-war-cost-hits-38-billion-forecast-to-rise-3-billion-a-month-cbo-7615906",
        "published": "2026-09-15T19:42:04.000Z"
      },
      {
        "outlet": "Live Mint",
        "title": "Iran war costs US military $38 billion as CBO warns of billions more in monthly expenses",
        "url": "https://urgent.news/2026/09/15/iran-war-costs-us-military-38-billion-as-cbo-warns-of-billions-more",
        "published": "2026-09-15T20:15:48.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}