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Iran conflict cost US more than $38 billion: Congressional Budget Office
The US war against Iran has cost the Department of Defence more than USD 38 billion through Aug 1, and will continue costing up to USD 3 billion a month or more depending on the intensity of the conflict, according to an assessment released Tuesday by the nonpartisan Congressional Budget Office. CBO said the war is expected to contribute to inflation into the first quarter of 2027, making inflation roughly 0.5 percentage points higher than they had previously estimated. That's driven largely by…
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