Iran war has cost the US $38bn: How will it impact US economy, politics?
News Source
β’Wed, 16 Sep 2026 14:53:51 +0000
π° What Happened
The US war on Iran has cost about $38bn so far. A new report from the Congressional Budget Office says so. It adds that the bill could grow by $3bn every month the war goes on.
The report came out on Tuesday. It says the war is draining US weapons stockpiles and pushing up inflation. The Strait of Hormuz, a key oil shipping route, is still under an Iranian blockade.
About $25bn worth of weapons have already been used up. The budget office says it could take five years to replace them. The White House and Pentagon dispute the finding.
π The Backstory
The US and Israel began the war on February 28. Trump said it would last a few weeks. It has now run for six months.
Fuel prices have jumped. The average US diesel price hit a record $6.27 a gallon. US families paid about $100bn more for petrol and diesel in the first six months.
Opposition is growing. Seven House Republicans joined Democrats in a vote to end the war. Just 31 percent of Americans support the action, a Reuters/Ipsos poll found.
π― Why It Matters
War costs show up fast in everyday life. Petrol, diesel and food cost more when oil routes are shut. The report also warns that America is running low on weapons it may need later.
The US war on Iran has cost about $38bn so far. A new report from the Congressional Budget Office says so. It adds that the bill could grow by $3bn every month the war goes on.
The report came out on Tuesday. It says the war is draining US weapons stockpiles and pushing up inflation. The Strait of Hormuz, a key oil shipping route, is still under an Iranian blockade.
About $25bn worth of weapons have already been used up. The budget office says it could take five years to replace them. The White House and Pentagon dispute the finding.
The US and Israel began the war on February 28. Trump said it would last a few weeks. It has now run for six months.
Fuel prices have jumped. The average US diesel price hit a record $6.27 a gallon. US families paid about $100bn more for petrol and diesel in the first six months.
Opposition is growing. Seven House Republicans joined Democrats in a vote to end the war. Just 31 percent of Americans support the action, a Reuters/Ipsos poll found.
War costs show up fast in everyday life. Petrol, diesel and food cost more when oil routes are shut. The report also warns that America is running low on weapons it may need later.