How much is the Iran war costing us?

伊朗战争让我们付出了多少代价?

The Indicator from Planet Money

2026-03-18

8 分钟
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It’s really hard to estimate the total cost of war in the middle of one. Over the first six days of the Iran war, an estimated $11.3 billion was charged to the public purse. But long-term costs take years to manifest. Even daily costs are fuzzy. Take munitions: the Department of Defense hasn’t budgeted for  many of the bombs it's dropping. One more time. The bombs – the bombs! – are not totally priced in. On today’s show, estimating the cost of the Iran war right now. And how healthcare, disability benefits, environmental costs and interest payments could add to its future price tag. Come see Planet Money live on stage in April! Twelve cities. Details and tix here: https://tix.to/pm-book-tour.  Related episodes: A trucker, a farmer, and an entrepreneur walk into a global supply shockA lot of gas trapped, oil reserves tapped, and Live Nation gets a (tiny) cap Will Trump’s shipping insurance plan work?For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter. To manage podcast ad preferences, review the links below: See pcm.adswizz.com for information about our collection and use of personal data for sponsorship and to manage your podcast sponsorship preferences. Learn more about sponsor message choices: podcastchoices.com/adchoices NPR Privacy Policy
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  • This is The Indicator from Planet Money.

  • I'm Ricky Mulvey.

  • And I'm Darian Woods.

  • Lately on the show, we've been discussing some of the broader economic costs of the US-Israel war with Iran.

  • And those expenses vary day by day.

  • Yeah, finding out how much money war costs is a difficult task in the moment.

  • The Center for Strategic and International Studies first estimated

  • that the early days of Operation Epic Fury cost roughly $900 million per day.

  • More recently, The New York Times reported that Pentagon officials estimated the cost to be more than twice that number,

  • about $1.9 billion per day.

  • And even these numbers don't tell the whole story.

  • These estimates are the tip of an iceberg.

  • Today on the show, we're looking at the costs of operation Epic Fury,

  • why post-9/11 wars cost trillions of dollars more than early estimates suggested, and the underestimated expenses

  • that American taxpayers will be paying now and far into the future.

  • Wars are expensive, and it's difficult to find out just how much one costs in the middle of it.

  • Mark Gantzian is a retired US Marine Colonel.

  • He's also done budgeting for the Department of Defense and helped come up with that daily $900 million or

  • so estimate, but that number is already significantly higher.

  • The munitions mix appears to have been a little richer than we had first estimated, and the damage