Trump’s War on Iran Could Cost Trillions

The Intercept
by Nick Turse
March 17, 2026
7 min read

Quick Insights

The Bottom Line

U.S. war on Iran could cost trillions long-term; Pentagon's initial $11.3 billion estimate excludes major expenses.

How This Affects You

Long-term federal debt from war costs could increase taxes or reduce funding for domestic programs, raising your future tax burden or reducing available government services.

AI Summary

The Trump administration has disclosed that the U.S. war on Iran cost $11.3 billion in its first week, but government officials and budget experts say the true cost is between $1 billion and $2 billion per day—potentially reaching $250 billion over eight weeks and trillions of dollars long-term when accounting for veterans' benefits and debt interest. Pentagon comptroller Jules Hurst called the $11.3 billion figure a "ballpark number" and said a more comprehensive estimate would be included in a supplemental budget request to Congress, which lawmakers expect to exceed $50 billion. The Pentagon's initial estimate excluded massive military buildup costs, munitions burned through ($5.6 billion in the first two days alone), and damaged equipment, leading experts like Harvard's Linda Bilmes—who documented the true $8 trillion cost of the Iraq War—to warn that incomplete accounting repeats past mistakes. The War Department has never passed a federal audit despite nearly a decade of attempts, and the administration has declined to specify the war's planned duration or total objectives, fueling Democratic criticism that Americans lack transparent information about an open-ended conflict.

What's Being Done

Pentagon comptroller disclosed plans to submit supplemental budget request to Congress exceeding $50 billion; experts like Harvard's Linda Bilmes have warned of incomplete accounting repeating Iraq War mistakes.

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