The Aporia
Hertling, M. (2026, September 17). The True Costs of the Iran War. The Bulwark. https://www.thebulwark.com/p/the-true-costs-of-the-iran-war-38-billion-cbo-estimate-interceptors
Hertling, Mark. “The True Costs of the Iran War.” The Bulwark, 17 Sept. 2026, https://www.thebulwark.com/p/the-true-costs-of-the-iran-war-38-billion-cbo-estimate-interceptors.
Hertling, Mark. “The True Costs of the Iran War.” The Bulwark, September 17, 2026. https://www.thebulwark.com/p/the-true-costs-of-the-iran-war-38-billion-cbo-estimate-interceptors.
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As of August 1, 2026, the armed conflict with Iran has cost the U.S. military approximately $38 billion, according to a report by the Congressional Budget Office (CBO). The war began in late February following US-Israeli strikes targeting Iran. Monthly costs could range between $2 billion and $3 billion depending on the intensity of violence, with inflation rates projected to rise due to increased energy prices. The CBO highlights that fewer oil and natural gas shipments through critical passageways like the Strait of Hormuz are exacerbating inflation. Additionally, the war has significantly depleted U.S. inventories of missiles and anti-air defense weapons, potentially leaving the Pentagon vulnerable if another major conflict arises within the next five years.