Iran war cost hits $38 billion, forecast to rise $3 billion a month, CBO says

Intelligence summary

WASHINGTON: The six-month-old US war against Iran has cost $38 billion so far and that amount is projected to rise by $3 billion a month, Congress’ nonpartisan bookkeeper reported on Tuesday, as the Trump administration searches for ways to end the conflict and reopen the vital Strait of Hormuz. The war is expected to increase inflation by 0.5 percent in the first three months of 2027, according to the Congressional Budget Office accounting, which totaled expenses through August 1. The mounti