The U.S./Iran War Has Cost the Nation Nearly $40 Billion

The war with Iran has cost the United States' government around $38 billion and contributed to growing inflation, according to a new analysis by the Congressional Budget Office (CBO), the nonpartisan agency that provides economic and budget estimates to Congress.

The estimate, which covers the war’s direct costs through Aug. 1, is in line with the Pentagon’s most recent public accounting from July, when Defense Secretary Pete Hegseth told Congress the war had cost $37.5 billion. A later report from the Defense Department's inspector general determined that conflict cost an estimated $33.4 billion between Feb. 28 and June 30.

But the new CBO analysis finds that the price of the war is continuing to rise, estimating that the government will spend another $2 billion to $3 billion each month the war continues. It also notes that the war has significantly depleted U.S. munitions, including air-defense interceptors, potentially reducing the military's capacity to respond to another major conflict.

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