US War with Iran Cost $40 Billion and Triggered an Oil Market Crash

Cost of the US Military Campaign Against Iran

According to Главком: The US military campaign against Iran has cost the federal budget approximately $40 billion. In the first 100 hours of combat, the Pentagon spent $3.7 billion, and by the 12th day of the conflict, US expenditures had surged to $16.5 billion. The total sum includes expenses for munitions, lost equipment, and damage to bases. Crucially, this figure does not cover ongoing operational costs from the US defense budget for 2026, which exceeds $1 trillion.

Economic and International Fallout

Amid the hostilities, the US Department of Homeland Security and the Department of Veterans Affairs spent an additional $1 billion on war-related consequences. Gasoline prices in the US rose from under $3 per gallon to over $4, causing the average American household to spend $253 more. The global market lost 1.15 billion barrels of oil due to the fighting, which also contributed to the country's overall inflation exceeding 4% for the first time in three years.

On the international stage, Iranian Foreign Minister Abbas Araghchi announced the lifting of some oil export sanctions and the return of certain frozen assets. However, the US side has not officially confirmed these claims about sanctions relief. These developments illustrate the complexity of the situation and its impact on economic indicators in both the US and Iran.

The US military campaign costs highlight the significant burden the conflict places on the nation's economy and could have lasting budgetary consequences.

Rising energy prices and inflation indicate that the war will not only affect military and political factors but may also worsen the economic situation for ordinary Americans. At the same time, Iran's statements about possible sanctions relief may signal attempts to reduce tensions and find paths to economic recovery, but their implementation remains highly uncertain without a clear response from the US.

The financial implications of the US military actions are significant, as seen in the drop in Trump's approval rating amidst rising costs and economic pressures. This situation underscores the broader impact of military engagements on political stability and public sentiment, further complicating the ongoing discourse surrounding the conflict.