{
  "id": 7609588,
  "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",
  "topic": "world",
  "section": "World",
  "published": "2026-09-15T19:02:04.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times-koreatimes",
    "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 forecast that the six-month-long U.S. war against Iran has cost $38 billion so far, with the expense anticipated to increase by $3 billion each month. This projection was reported on Tuesday by the nonpartisan budget keepers. As the Trump administration seeks ways to end the conflict and restore the crucial Strait of Hormuz, the war is expected to raise inflation by 0.5 percent in the initial three months of 2027, according to the CBO's accounting, which covered expenditures up to August 1. The escalating costs have put pressure on U.S. munitions stockpiles and gasoline prices, prompting worries about the nation's capability to handle other possible conflicts and adding stress to an already constrained federal budget. The figure is almost identical to the $37.5 billion reported by Defense Secretary Pete Hegseth at a Senate hearing on July 21.\n\nThe majority of the expenses are attributed to the swift drawdown of munitions, with the CBO estimating it might take five years to replenish U.S. stockpiles. Reuters noted in August that the U.S. had utilized almost all of its long-range precision missiles in the ongoing war.",
  "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",
        "published": "2026-09-15T18:52:03.000Z"
      },
      {
        "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."
}