Iran war cost US $38bn and significantly depleted missile stockpile, report finds
Summary
The U.S. has spent at least $38 billion on the war in Iran, which has greatly reduced its supply of missile defenses. The Congressional Budget Office found it could take five years to rebuild missile stockpiles, with costs rising as the conflict continues and causing inflation to increase.Key Facts
- The war in Iran has cost the U.S. about $38 billion so far.
- Missile defenses like Patriot, Thaad, and Navy interceptors have been heavily used and need up to five years to be fully restocked.
- The Pentagon spent $22.3 billion on munitions by June 30, with total spending around $33.4 billion then.
- Iranian attacks damaged buildings at U.S. bases in several Middle Eastern countries.
- The war is raising inflation by about 0.5 percentage points through 2027 and pushing short-term interest rates higher.
- The cost could increase by $3 billion for every extra month the conflict lasts, depending on fighting intensity.
- The shortage of missile defenses could cause problems if the U.S. faces a future conflict like one over Taiwan with China.
- The Pentagon did not provide full data to the CBO, so estimates were based mainly on public reports.
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