The U.S. war in Iran has cost $38 billion, with expenses projected to rise $3 billion monthly, according to a Congressional Budget Office report. The conflict, which has lasted six months, has strained military stockpiles and raised energy prices, prompting concerns about the nation's ability to respond to future threats. The report highlights the financial and strategic implications of the ongoing conflict.
The conflict has depleted U.S. defensive missile stockpiles, with the CBO estimating it could take five years to replenish. The report notes that the war has driven up inflation and increased public debt, while the Pentagon's inspector general reported damage to U.S. bases in multiple countries. The war's financial burden is expected to grow as the conflict continues.
The war's financial and strategic impact is significant, with the CBO warning of potential challenges in defending against future conflicts, including potential tensions with China over Taiwan. The report underscores the need for congressional action to end the conflict, as ongoing military actions risk further financial and strategic strain on the U.S. defense posture.
The CBO report does not include recent strikes on commercial vessels in the Strait of Hormuz and attacks on U.S. military installations, nor does it factor in borrowing costs, which could add tens of billions to the total war cost. The report highlights the financial and strategic challenges posed by the ongoing conflict and the need for congressional oversight.