U.S. and Israel War with Iran Costs $344 Billion
The United States and Israel continue military operations against Iran and its regional proxies, causing hundreds of billions in economic damage and global price spikes.
The ongoing war between the United States, Israel, and Iran has resulted in an estimated $300 billion in economic damage to Iran and nearly $44 billion in U.S. Pentagon spending. The conflict caused global energy and food price spikes following the closure of the Strait of Hormuz, although oil shipments have recently begun returning to pre-war levels.
Diplomatic efforts remain stalled as Iranian negotiators seek a return to a June memorandum to unfreeze assets and resume oil exports, while the White House demands more concrete nuclear concessions. The conflict has expanded into regional proxy wars, with Houthi rebels seizing the port of Mokha and attacking Saudi energy infrastructure. In response, the Saudi-backed Yemeni government launched an offensive supported by U.S. intelligence and aerial refueling.
In other theaters, the U.S. military has clashed with the Iranian-aligned Popular Mobilization Forces in Iraq following a troop withdrawal. Simultaneously, Israel has conducted campaigns against Hezbollah in Lebanon and Iranian influence in Syria. Despite these operations, reports indicate Hezbollah has reorganized and maintained a significant rocket arsenal.
