Iran war has cost the US more than $38B, budget office says

Escalating costs surrounding the U.S. war against Iran will likely contribute to inflation rates into 2027, the Congressional Budget Office reported.

By

National News

September 17, 2026 - 1:34 PM

A plume of smoke rises after a strike on the Iranian capital Tehran, on March 3, 2026. Photo by Atta Kenare/AFP/Getty Images/TNS

WASHINGTON (AP) — The U.S. war against Iran has cost the Department of Defense more than $38 billion through Aug. 1, and will continue costing up to $3 billion a month or more depending on the intensity of the conflict, according to an assessment released Tuesday by the nonpartisan Congressional Budget Office.

CBO said the war is expected to contribute to inflation into the first quarter of 2027, making inflation roughly 0.5 percentage points higher than they had previously…

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