War

Pentagon Auditors Say the Iran War Has Cost $33 Billion. The Real Price Tag Is Far Higher.

The Congressional Budget Office says the inflationary consequences of the war will be felt well into 2027.

Eric Boehm | 9.16.2026 4:35 PM

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(Photo: United States Department of Defense)

Shortly after the United States launched into a war with Iran, White House economic adviser Peter Navarro boldly proclaimed that the conflict would "lower energy prices."

More than six months later—with the war still raging on and the Trump administration ignoring congressional demands to end it—that's turned out to be as laughably false as the promise that the whole thing would be wrapped up in a few weeks.

Diesel fuel prices hit record highs this week, a direct consequence of the supply chains that have been disrupted by the war. Earlier this month, Brown University estimated that Americans had already paid more than $100 billion in........

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