CBO Reports Iran War Could Inflate Costs to $2 Billion Monthly

WHO:

CBS News World - The U.S. military is involved in the Iran war.

IJR - The Congressional Budget Office (CBO) is providing estimates regarding the costs of the Iran war.

WHAT:

CBS News World - The Iran war has cost the U.S. military at least $33.4 billion, primarily on munitions.

CBS News Politics - The CBO estimated that the war has directly cost the U.S. about $38 billion between February 28 and August 1.

ABC News - The war with Iran has cost the U.S. at least $38 billion through the end of July.

IJR - Ongoing monthly costs of the Iran war are estimated to be roughly $2–3 billion.

IJR - The rebuilding timeline for depleted munitions stockpiles is projected to be at least five years.

IJR - Reports indicate that 11 service members have been killed and dozens wounded in the conflict.

WHERE:

CBS News World - The conflict is occurring in Iran.

WHEN:

CBS News Politics - The CBO's cost estimate covers the period from February 28 to August 1.

NBC News - The CBO estimates that inflation will continue to rise in the first quarter of next year.

WHY:

ABC News - The CBO assessment indicates that the war is expected to further push inflation higher.

HOW:

IJR - The financial and human toll of the conflict is underscored by reports from the Pentagon’s inspector general and other officials, highlighting inventory shortfalls and industrial bottlenecks.

(UPDATED September 16, 2026 01:56 UTC)

The U.S. military is currently engaged in the war with Iran, which has already cost at least $38 billion, primarily due to munitions, and ongoing monthly expenses are estimated to be between $2 to $3 billion. Reports indicate that 11 service members have lost their lives and many others have been wounded in this conflict, while the rebuilding of depleted munitions stockpiles is projected to take at least five years. The Congressional Budget Office has noted that the war is likely to contribute to rising inflation, with estimates covering the period from February 28 to August 1.