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Iran war's cost to the US rises to $47.1 billion, the Pentagon tells lawmakers

7 articles from 6 sources
First reported on Tuesday 27 October 2026 at 21:09 EDT by The NY Times·Latest article on Thursday 29 October 2026 at 18:52 EDT

Summary

The cost of the war in Iran rose to $47.1 billion through Oct. 16, the Pentagon told lawmakers, The NY Times and The Philadelphia Inquirer reported on Wednesday 28 October, bombs, missiles and other munitions accounting for more than 60 percent of the expenses, and CBS News reported a cost to the U.S. military of at least $47.1 billion as of mid-October, according to a new estimate from U.S. Central Command. Trump said the war will end 'when I want it to', CNBC reported, as PBS NewsHour wrote that the Republican president has said new strikes on Iran are an option after the midterms and is sending more military resources to the Middle East, despite initially promising Americans a military campaign that would last only a matter of weeks. On 29 October Fortune reported the cost of $47.1 billion to American taxpayers, according to the latest estimate the Pentagon has provided to Congress, headlining that the U.S. tells Middle East allies to prepare for possible new strikes on Iran after the midterms.

Latest: Fortune reported that the cost of fighting the Iran war to American taxpayers has grown to $47.1 billion, according to the latest estimate the Pentagon has provided to Congress, headlining that the U.S. tells Middle East allies to prepare for possible new strikes on Iran after the midterms.

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How it unfolded

  1. Thursday 29 October

    Fortune reported that the cost of fighting the Iran war to American taxpayers has grown to $47.1 billion, according to the latest estimate the Pentagon has provided to Congress, headlining that the U.S. tells Middle East allies to prepare for possible new strikes on Iran after the midterms.

  2. Wednesday 28 October

    The cost of the war in Iran rose to $47.1 billion through Oct. 16, the Pentagon told lawmakers, The NY Times and The Philadelphia Inquirer reported, CBS News citing a new estimate from U.S. Central Command and CNBC reporting that Trump said the war will end 'when I want it to'.

  3. Tuesday 27 October