Iran war cost US $38bn and significantly depleted missile stockpile, report finds

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A non-partisan Congressional Budget Office report estimates the Iran war has cost the US $38 billion, with monthly expenses growing by $3 billion. The Pentagon's review highlights strategic munitions shortages and industrial bottlenecks, impacting military readiness and potentially influencing upcoming US elections.

Damaging budget report estimates cost would grow $3bn per month and stockpile could take five years to rebuild The war in Iran has cost the US at least $38bn and left its stockpile of defensive missiles so depleted it could take five years to rebuild, the non-partisan Congressional Budget Office (CBO) has found, in a damaging report less than two months before midterm elections where the war and the cost of living crisis will likely hurt Republicans at the polls. The economic report comes one day after the Pentagon’s inspector general finally released its own first review of the war, saying that the US spent $22.3bn on munitions alone through 30 June, put total spending at $33.4bn and found the fighting had “resulted in strategic inventory shortfalls and revealed industrial base bottlenecks for munitions resupply”. Continue reading...