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Congress: Iran War Cost US $38B
A report from the Congressional Budget Office indicates that the United States has spent approximately $38 billion up to August 1, 2026, on the war it launched with Israel against Iran since late February. Monthly operational costs have ranged between $2 billion and $3 billion, depending on the intensity of military actions. The escalation continues due to stalled diplomatic efforts, with Washington imposing severe economic sanctions on Iran in an attempt to strangulate its economy. Clashes in the Strait of Hormuz have resumed, following Iran's closure of the strait in response to the attacks. Military operations persist amid heightened tensions, while reports reveal high costs and deteriorating regional conditions.
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