U.S. war on Iran costs more than $38 billion, expected to push up inflation

China News Service, Washington, September 15 (Reporter Sha Hanting) The U.S. Congressional Budget Office released a report on the 15th local time showing that the U.S. spent on the war against Iran has exceeded US$38 billion.

Reports show that as of August 1, the U.S. Department of Defense had spent more than $38 billion on the war against Iran. Depending on the intensity of the conflict, monthly costs could reach $3 billion or more in the future. Among them, war costs mainly come from replenishing ammunition and equipment consumed in war. This statistic does not include costs related to U.S. military casualties as a result of the conflict, as well as veterans' long-term health insurance and disability compensation expenses.

The Congressional Budget Office statistics are basically consistent with previous statements by U.S. Defense Secretary Hegseth. When Hegseth attended a Senate Appropriations Committee hearing on July 21, he said that the United States has spent approximately $37.5 billion on military operations against Iran.

The report also shows that the Iran war will push up inflation, and the inflation rate in the first quarter of 2027 is expected to be 0.5 percentage points higher than previously expected, mainly due to reduced oil and natural gas transportation through the Strait of Hormuz and disruptions to Red Sea shipping.

Democratic Congressman Brendan Boyle said that day that the report showed that the war with Iran cost American taxpayers tens of billions of dollars and was still causing prices to rise. The American people were bearing the cost of the Trump administration's "reckless war."

According to the Associated Press, the U.S. government launched the war with Iran on February 28. It has entered its seventh month, but the war still shows no sign of ending soon. (over)