Iran war has cost $37.5 billion, US Defense Secretary Pete Hegseth says; conflict escalates with new US attacks
Patty MurraySusan CollinsRichard DurbinPete HegsethJohn ThuneDan CaineGary PetersUnited States Department of DefenseUnited States SenateUnited States CongressCBS NewsUnited States House of RepresentativesUnited States Central Command

Iran war has cost $37.5 billion, US Defense Secretary Pete Hegseth says; conflict escalates with new US attacks

US Defense Secretary Pete Hegseth reported that the ongoing conflict with Iran has cost approximately $37.5 billion, as US forces continue to escalate military actions, including recent strikes on Iranian military sites. Hegseth emphasized the need for an additional $90 billion in funding to support these operations.

Al Jazeera Al Jazeera+1 source22 July 2026 · 01:22 UTC
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US Defense Secretary Pete Hegseth testified that the ongoing conflict with Iran has cost the U.S. approximately $37.5 billion so far, with estimates suggesting the actual cost could be higher due to unaccounted expenses like military construction.126

Hegseth stated, "The Pentagon needs $90 billion in additional funding" to sustain military operations. The U.S. has conducted nightly strikes against Iranian military targets, including recent attacks near Tabriz and in Khuzestan province.34

The conflict has escalated, with Iran retaliating against commercial vessels in the Strait of Hormuz, effectively ending a fragile ceasefire. Hegseth noted that 18 U.S. service members have died since the war began in February, with injuries reported from multiple Iranian strikes.5

During a Senate hearing, Sen. Patty Murray warned that the conflict is "spiraling out of control again," while Sen. Gary Peters criticized the administration's strategy as a failure. Hegseth acknowledged that some Iranian ballistic missiles remain intact due to their underground storage, despite significant degradation of Iran's military capabilities.9

The administration is seeking $1.5 trillion in total funding to address military needs globally, emphasizing the urgency of the situation.

Key Insight
“Hegseth requested $90 billion in additional funding, but Democratic sources say the actual cost is higher because it excludes military construction for damaged bases. The hearing saw a heated exchange where Sen. Peters called the strategy a failure, drawing a sharp rebuke from Hegseth.”
US war in Iran cost $37.5 billion so far
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US war in Iran cost $37.5 billion so far
US war in Iran has cost $37.5 billion so far, Hegseth says
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US war in Iran has cost $37.5 billion so far, Hegseth says
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Al JazeeraAl Jazeera
“US Defense Secretary Pete Hegseth says the cost of has reached $37.5bn and tells Congress the Pentagon needs $90bn in additional funding.”
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CBS NewsCBS News
“Defense Secretary Pete Hegseth told lawmakers Tuesday the U.S.-Iran war has cost about $37.5 billion so far”
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