Market Flux Event
US War With Iran Has Cost $38 Billion in Five Months With Costs Rising, CBO Says
Read this in the Market Flux appThe Congressional Budget Office, a nonpartisan congressional watchdog, estimates the United States has spent $38 billion on the war with Iran over the conflict's first five months, with costs expected to continue rising at $2 billion to $3 billion per month going forward.
The CBO's report also raises its annual PCE inflation projection by 0.5 percentage point for the first quarter of 2027, signaling that the war's economic spillover is feeding into the broader price outlook beyond the direct military expenditure.
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- APBREAKING: The U.S. is stripping $52 million in military aid to Europe and the Middle East to back Trump-allied governments in Latin America.
- ReutersIran war cost hits $38 billion, forecast to rise $3 billion a month, CBO says
- DeItaoneCBO SAYS THE WAR IN IRAN COST THE U.S. $38 BLN IN THE FIRST FIVE MONTHS, ADDING THAT ITS ANNUAL PCE INFLATION PROJECTION IS NOW 0.5 PERCENTAGE POINT HIGHER FOR Q1 2027
- WsjThe Pentagon spent some $38 billion in its first few months of the war with Iran
- FirstSquawkCBO SAYS THE IRAN WAR COST THE U.S. $38 BLN IN THE FIRST FIVE MONTHS, WITH ITS ANNUAL PCE INFLATION PROJECTION NOW 0.5 PERCENTAGE POINT HIGHER FOR Q1 2027
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- CNBCIran war has cost Pentagon $38 billion and depleted missile stockpiles, CBO says
- YahooFinanceThe Pentagon has spent $38 billion in its first few months of the war with Iran, according to the Congressional Budget Office.
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- StaunovoPresident Donald Trump’s decision to go to war against Iran has cost US taxpayers about $38 billion in direct costs during the first five months of fighting and will push inflation up about 0.5 percentage points by early next year, a new congressional study finds. “That amount reflects the costs of replacing expended munitions and equipment lost in battle, increased flying hours, other operations, and increased fuel costs,” the Congressional Budget Office said Tuesday in a letter to Pennsylvania Representative Brendan Boyle, the top Democrat on the House Budget Committee.
- BusinessPresident Donald Trump’s decision to go to war against Iran has cost US taxpayers about $38 billion in direct costs during the first five months of fighting, a new congressional study finds
- FaststocknewssIRAN WAR HAS COST THE PENTAGON $38.1B THROUGH AUGUST 1, PER CBO The nonpartisan office estimates another $2B to $3B per month for each additional month of fighting, averaging $246M per day across the first five months, per CNBC. Cost breakdown: • More than half came from replacing missiles and other munitions • Increased flying hours: $10.4B • Higher fuel prices: $2.7B CBO says the war has consumed as much as two-thirds of US missile-defense interceptors since June 2025, largely from helping defend Israel, and that rebuilding the inventory "would probably take at least five years, even if production was increased." On inflation, CBO estimates the war will have raised year-over-year PCE inflation by 0.5 percentage points by Q1 2027, with core PCE 0.3 points higher as energy costs move through supply chains. Gasoline and other fuels will account for about 40% of the effect on consumer prices. The Pentagon inspector general put the cost at $33.4B as of June 29, including $22.3B to replace expended munitions, and reported hundreds of buildings damaged or destroyed at bases across eight Middle Eastern countries.
- ZerohedgePentagon Inspector General Report On Iran War Drops: The Most Explosive Revelations
- RT_com$300 MILLION PENTAGON E-3 SENTRY plane LEFT IN PIECES after IRAN STRIKE — NEVER-BEFORE-SEEN PHOTOS TAIL RIPPED FROM FUSELAGE by FORCE of STRIKE OTHER BUILDINGS AT US BASES ACROSS MIDDLE EAST ALSO FLATTENED OFFICIAL: ‘MAJOR damage… hasn't been communicated to American public’
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