Iran War Costs US $38 Billion as Houthi Threaten Saudi Oil
$38.1 billion. That is the latest estimate from the nonpartisan Congressional Budget Office for what the U.S. Department of Defense had spent on combat operations against Iran through August 1, 2026. That figure is higher than the earlier $33.4 billion estimate released by the Pentagon's inspector general, which covered costs through late June. The number matters on its own. What makes it more significant is what is happening at the same time roughly 1,000 miles away: Houthi forces have expanded their position along Yemen's Red Sea coast, Saudi Arabia has been working to restore oil-export infrastructure after a September drone attack, and crude prices remain elevated as several regional supply routes face pressure. Inside the Pentagon's $33.4 Billion Bill The inspector general's report, the first mandatory public accounting of Operation Epic Fury, breaks the earlier number down in useful detail. The Department of War estimated the operation at $33.4 billion as of June ...