Iran war costs households $1,000
The gist
Moody's estimates the Iran war has cost the average US household about $2,000 since late February.
The war is now an economic pressure point ahead of the midterm elections.
How it unfolded
- late February 2026The conflict with Iran started.
- early May 2026Pentagon acting chief financial officer Jules Hurst III told the House Appropriations Committee the cost of the conflict was nearing $29 billion.
- late June 2026The American Enterprise Institute estimated the cost of operations at $38.6 billion, while the Center for Strategic and International Studies placed it at around $40 billion.