Iran war cost US $38bn and significantly depleted missile stockpile, report finds
Damaging budget report estimates cost would grow $3bn per month and stockpile could take five years to rebuild
TL;DR
- The war in Iran has cost the US at least $38 billion.
- The US missile stockpile is so depleted that it could take five years to rebuild.
- The Pentagon spent $22.3 billion on munitions alone through June 30.
- Iranian strikes damaged or destroyed hundreds of buildings at US bases in multiple Middle Eastern countries and Jordan.
- The conflict has driven up inflation by half a percentage point.
- Rebuilding the missile stockpile is crucial, especially for a potential conflict over Taiwan.
- The CBO built its estimates largely from public reporting due to the Pentagon's lack of response to information requests.
- The CBO cannot estimate the cost of repairing bomb-damaged US bases or future diplomatic/foreign aid costs.