Iran War Price Tag Grows from $29B to $200B and Rising

Fortune reports that while the Pentagon initially cited about $29 billion in direct costs for the Iran war, experts say the true bill is around $200 billion already and could climb toward $1 trillion when you include replacement costs for munitions, repairing damaged bases, and broader economic spillovers. Replacement costs for missiles have surged, with inventory costs underestimating future expenses, and hundreds of billions may be needed to repair U.S. installations in the Middle East over the next few years. The war has also driven energy prices higher, adding roughly $61.7 billion in extra gasoline and diesel costs for Americans by late June, while the global economy faces slower growth and the national debt continues to rise.