$25bn or $1 trillion: How much has Iran war really cost the US?
Summary
The US Defense Secretary, Pete Hegseth, told Congress that the war on Iran has cost $25 billion, mainly for weapons and equipment maintenance. However, some lawmakers and experts say the total impact on the US economy, including higher gas and food prices, could be much higher—between $630 billion and $1 trillion.Key Facts
- The Pentagon estimates $25 billion spent on the war in Iran so far.
- This amount mainly covers munitions used and maintenance of equipment.
- Some Democrats and economists believe the full cost, including economic effects, is much higher—up to $1 trillion.
- Higher gas prices due to the conflict have increased costs for Americans, with gas hitting $4.23 per gallon.
- The US is requesting a $1.5 trillion defense budget next year, a 42% increase and the largest since World War II.
- At least 3,375 people have died in the conflict, with 14 US military deaths and over 200 injuries.
- The war’s cost includes not only direct military spending but also economic burdens on households.
- Pentagon officials promised to provide more detailed cost breakdowns after a full assessment.
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