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World · Important news for 16 September 2026

World

US military faces weapons shortages as Iran conflict costs reach $33 billion

The Guardian · The Independent

A non-partisan Congressional Budget Office report and defense assessments indicate the war in Iran has cost the US between $33 billion and $38 billion while severely depleting missile stockpiles and destroying dozens of aircraft, taking up to five years to rebuild. Meanwhile, President Trump signaled openness to negotiations.

  • Congressional Budget Office estimates the war in Iran has cost the US at least $38bn.
  • The report states missile stockpiles are so depleted it could take five years to rebuild.
  • Pentagon inspector general review put total spending at $33.4bn through June 30.
  • US military faces weapons shortages after dozens of aircraft destroyed.
  • Cost of the war with Iran reaches $33 billion.
  • Trump says he is open to negotiations but claims final decision rests with him.

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