Iran war has cost on average $246 million per day in its first five months, CBO finds

The U.S. war with Iran cost the Pentagon an estimated $38.1 billion through Aug. 1 and could cost another $2 billion to $3 billion for each additional month of fighting, according to a report released Tuesday by the nonpartisan Congressional Budget Office.

More than half of the cost has come from replacing missiles and other munitions used during the conflict. Increased flying hours cost another $10.4 billion, while higher fuel prices added $2.7 billion, CBO estimated. The war has led fuel prices around the world to rise since President Donald Trump launched it Feb. 28.