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Iran Conflict Costs U.S. Defense Department $40 Billion as of June 22, Drives Up Fuel Prices

2026-06-21 18:58:58

GAS0.18%

According to CNN, analysis by the Center for Strategic and International Studies (CSIS) shows the conflict with Iran has cost the U.S. Defense Department approximately $40 billion as of June 22, including ammunition, equipment damage, and base repairs. The conflict also generated an additional $1 billion in costs across other agencies including the Department of Homeland Security and Department of Veterans Affairs. U.S. gasoline prices rose from an average of under $3 per gallon to over $4 during most of the conflict period, resulting in an average additional household expense of $253, according to Brown University energy cost tracking data.

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