From Newsweek · · 1m 30s
Iran war costs near $40B as half of voters call it a mistake
New analysis shows the conflict's mounting price tag and economic ripple effects as public opinion sours.
In brief
New analysis shows the conflict's mounting price tag and economic ripple effects as public opinion sours. The Iran war has cost nearly $40 billion so far and is driving inflation higher through disrupted oil shipments and higher energy prices. Originally reported by Newsweek.
War costs hit $38 billion
The Congressional Budget Office estimates the Iran conflict has cost the Defense Department $38 billion through August 1, covering weapons, fuel, and operations.
Monthly costs could triple
Fighting at lower levels costs about $2 billion monthly. If the conflict intensifies, that figure could rise to $3 billion per month.
Energy disruptions fuel inflation
Reduced oil and gas shipments through the Strait of Hormuz and Red Sea disruptions have driven up global energy prices, adding 0.5 points to inflation by early 2027.
“That reduction has increased energy prices globally”
Half of voters regret deployment
A new poll shows 50 percent of registered voters say sending U.S. troops to Iran was a mistake, while 90 percent blame the war for contributing to inflation.
Trump plans $2.8B Israel arms deal
The administration is preparing a package including 40,000 bombs for Israel. Tucker Carlson warned there's "no precedent" and most voters don't know they're paying for it.
“Most voters have no idea they paid for it”
Markets feel the pressure
Rising oil prices pushed the 10-year Treasury yield to 5 percent. The Federal Reserve is expected to raise interest rates for the first time in three years.
The main idea
The Iran war has cost nearly $40 billion so far and is driving inflation higher through disrupted oil shipments and higher energy prices.
