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The Straits Times. (2026, October 28). US costs of Iran war rise to over US$47 billion, according to Pentagon estimate. The Straits Times. https://www.straitstimes.com/world/middle-east/us-costs-of-iran-war-rise-to-over-47-billion-according-to-pentagon-estimate
The Straits Times. “US costs of Iran war rise to over US$47 billion, according to Pentagon estimate.” The Straits Times, 28 Oct. 2026, https://www.straitstimes.com/world/middle-east/us-costs-of-iran-war-rise-to-over-47-billion-according-to-pentagon-estimate.
The Straits Times. “US costs of Iran war rise to over US$47 billion, according to Pentagon estimate.” The Straits Times, October 28, 2026. https://www.straitstimes.com/world/middle-east/us-costs-of-iran-war-rise-to-over-47-billion-according-to-pentagon-estimate.
Dated from the outlet's own feed. Check the original for its byline.
As of mid-October 2026, the U.S. military has spent over $47 billion prosecuting the ongoing war in Iran, according to Pentagon data obtained by Reuters and CBS News. This figure represents a 25% increase from the Defense Department’s July estimate of around $37.5 billion, excluding costs for repairing damage to U.S. bases from Iranian attacks. The latest estimate includes more than $29 billion in replacement munitions, over $6 billion in lost equipment, and additional operational support costs.
The escalating war expenses have strained President Donald Trump’s Republican Party, facing significant political fallout ahead of the November 3 midterm elections, which will determine control of Congress. The war's economic impact has affected global energy prices and diminished public support for both Republican candidates and Trump himself, whose party holds a narrow majority in both chambers.
While not publicly shared by the Pentagon, these financial disclosures highlight the war’s substantial costs and logistical challenges, including strategic inventory shortages due to extensive munitions use. The conflict could continue to cost between $2 billion and $3 billion per month, primarily driven by the need for interceptor missiles to defend against Iranian attacks.
The war’s impact on global energy costs has weighed on support for Republican candidates and hurt US President Donald Trump’s approval ratings.
Trump launched the Iran war jointly with Israel in February, predicting that the conflict would last a short time.