00:00The US war against Iran has cost more than $38 billion, with monthly spending expected to rise by as much
00:08as $3 billion.
00:09The Congressional Budget Office says the conflict could also push US inflation up by about half a percentage point in
00:17the first three months of 2027.
00:21Its estimate was based on war-related costs recorded through August 1 and was close to an earlier figure provided
00:27by Secretary of War, Pete Hexsef.
00:30Hexsef told a Senate hearing in July that the conflict had already cost the United States about $37.5 billion.
00:38The CBO said much of the spending was linked to rapidly depleted munitions, while rebuilding US weapons stockpiles could take
00:46about five years.
00:47It also excludes borrowing costs used to finance the war, which could add tens of billions of dollars to the
00:54overall expense.
00:56Beyond the financial costs, the war has also taken a human toll.
01:0018 US military service members have died during the conflict.
01:04However, the CBO estimate does not include recent attacks on commercial vessels in the Strait of Hormuz or strikes on
01:11US military installations across the region.
Comments