The estimate, released June 12, 2026, lists $29B to replace munitions and $6B to replace equipment lost in the conflict.
The war began in February 2026 when President Trump and Israel launched a joint campaign aimed at crippling Iran's missile production. After an April ceasefire, Iranian forces rebuilt underground storage, re‑introducing drones and missiles that had been out of reach.
Republicans are scrambling to manage the fallout as the November 3 elections loom; Trump’s approval ratings have slipped due to the conflict’s impact on global energy prices. The narrow GOP majority in both chambers now faces pressure to justify continued military spending.
Pentagon officials say heavy fighting could resume if Congress authorizes further action. A hearing to review the cost estimates is scheduled for July 15, after which a funding bill will be debated.