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Fortune
Fortune
Jacqueline Munis

The Pentagon said Iran War costs $29 billion, but the real cost is closer to $200 billion—and counting

Trump, Rubio, and Hegseth sit next to each other at a dark wooden table. (Credit: Samuel Corum—Sipa/Bloomberg via Getty Images)

After nearly four months of fighting, a blockade of one of the world’s busiest shipping corridors, a threat of “annihilation” of an entire country, and a shaky ceasefire, the war in Iran is over—or so it seems. Talks between American and Iranian governments to reach a preliminary deal and officially end the conflict continued well into Tuesday, despite months of the president declaring the war was over. And yet, with each passing day, the taxpayers’ bill for the war keeps ticking up.

On Monday, the Department of Defense told senators it needed an additional $80 billion to cover the cost of U.S. involvement in the conflict, just weeks after warning that the military could potentially run out of money should Congress not pass a new spending bill.

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