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Brent tops $100 as Iran war disrupts Strait of Hormuz shipping
Al Jazeera·IR · AE · SA·2 days ago
A US war with Iran is projected to cost $38 billion and deplete ammunition stocks, with inflation expected to rise 0.5% in early 2027. The estimate signals fiscal and military strain, though details on scope and duration remain unclear. This development matters as it could pressure US defense budgets and global markets.
The US Congressional Budget Office (CBO) and Pentagon reports confirm the US-Iran conflict has cost over $38 billion, with monthly expenditures of $2-3 billion. These reports also confirm strategic ammunition shortfalls, contradicting previous presidential assertions. The full extent of the shortfalls and their long-term impact on readiness remain uncertain.