Iran war has cost the US $38bn: How will it impact US economy, politics?

What the report says

Al Jazeera reports that the Congressional Budget Office estimates the US war on Iran has cost about $38bn so far, with roughly $3bn more expected each month if the conflict continues. The article says much of that expense has gone toward replacing used munitions, while the strain on US stockpiles, borrowing costs and inflation is adding pressure to the federal budget and broader economy. The piece also notes that the war has disrupted global energy markets, with higher fuel prices affecting consumers and businesses in the US.

According to the report, the conflict has also created strategic concerns for Washington because the Pentagon has acknowledged supply bottlenecks and low weapons stockpiles. Al Jazeera says the CBO and a Pentagon inspector general report both pointed to significant military losses, including damage to US facilities in the Gulf and destroyed or damaged aircraft. The article adds that the full cost may be higher because some recent strikes and borrowing expenses are not included in the initial tally.

Politically, the war is becoming a growing liability for President Donald Trump, especially with US midterm elections approaching in November. Al Jazeera reports that opposition in Congress is expanding, with some Republicans joining Democrats in efforts to end the conflict. Public approval for the war is described as low, while Democrats are using cost-of-living concerns and high energy prices as a campaign issue.