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Pentagon Admits Iran War Cost $33.4B, Drained U.S. Munitions

  • On Monday, the Pentagon inspector general released a report detailing $33.4 billion in costs for Operation Epic Fury through June 30, confirming "strategic inventory shortfalls" and industrial bottlenecks for munitions resupply.
  • Joint U.S.-Israeli military operations launched February 28, 2026, as Operation Epic Fury, prompting Iranian retaliatory strikes that damaged hundreds of buildings across eight countries and forced U.S. Central Command to shift supply lines to Diego Garcia.
  • The report documents 11 service members killed and 417 wounded through June 30, with $22.3 billion spent on expended munitions. Combat losses included 30 MQ-9 Reaper drones, four F-15 fighter jets, and one damaged F-35 aircraft.
  • Secretary of Defense Pete Hegseth estimated costs at $37.5 billion, while the nonpartisan Congressional Budget Office calculated $38.1 billion through August 1, 2026, warning that rebuilding depleted interceptor stockpiles could take "at least five years."
  • Military and intelligence officials are quietly discussing permanent reductions in U.S. personnel and facilities in the region after the war concludes. Economists project the conflict will increase inflation by roughly 0.5 percentage points through early 2027 due to rising energy costs.
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Military TimesMilitary Times
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Iran war has cost $38 billion, depleted two-thirds of US missile interceptors, CBO says

The U.S. military has incurred about $38 billion in costs from combat operations against Iran, a new Congressional Budget Office analysis found.

·Arlington, United States
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The war with Iran has cost the United States about $38 billion as of August 1, the Congressional Budget Office (CBO) said Tuesday, noting that the cost could increase by billions of dollars each month as the conflict drags on.

·Tallinn, Estonia
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The Washington Post broke the news in Washington, United States on Monday, September 14, 2026.
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