Iran war costs $38 billion as CBO warns of higher inflation, depleted weapons
Summary
The Congressional Budget Office (CBO) reported that the war with Iran has cost the United States at least $38 billion through July 2026. The conflict has raised inflation and used up many weapons, which will take years to replace, potentially weakening the U.S. military’s readiness for future fights.Key Facts
- The war began on February 28, 2026, with U.S. and Israeli attacks against Iran.
- The conflict has cost the U.S. at least $38 billion up to July 2026.
- The CBO expects the war to add about half a percentage point to U.S. inflation early next year, partly due to higher energy prices.
- U.S. missile and anti-air defense weapon stocks have been heavily used and are now very low.
- It could take five years or more to rebuild the spent weapon supplies because missiles take a long time and many resources to produce.
- The Pentagon did not share requested information with the CBO and declined to comment on the report.
- Experts warn that low missile stocks could be dangerous if the U.S. faces another enemy with many missiles, like China.
- The CBO report excludes damage repair costs to U.S. bases hit by Iranian attacks.
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