Congressional Budget Office says U.S. war against Iran has cost $38 billion
Question
Congressional Budget Office says U.S. war against Iran has cost $38 billion
Direct answer
Higher war spending can add to Treasury supply pressure and keep defense-related cash flow strong while reinforcing risk premia in energy and rates.
- Original publisher
- Market Ontology
- Evidence through
- 2026-09-15
- Published
- 2026-10-20
- Revision
- 1 · 2026-10-20
Cite as: Market Ontology, “Congressional Budget Office says U.S. war against Iran has cost $38 billion”, revision 1, evidence through 2026-09-15. https://marketontology.com/market-events/2026-09-15/congressional-budget-office-says-u-s-war-against-iran-has-cost-38-billion-a0cba3
How this development reaches the affected companies
| Asset | Exposure and channel | Direction | Evidence |
|---|---|---|---|
| 10Y UST | higher fiscal outlays can support term premium and keep long yields elevated | Up1-4w | the CBO said the war cost $38 billion and would rise by $3 billion a month |
| ITA | continued war spending supports defense contractors and suppliers | Up1-4w | the CBO quantified escalating war costs amid the conflict with Iran |
| GLD | larger war costs and prolonged conflict support safe-haven demand | Up1-5d | the CBO said the conflict and Hormuz reopening efforts are still ongoing |
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What happened next
| Asset | Call | Base close | +1 day | +5 days | +20 days |
|---|---|---|---|---|---|
| GLD | Updisagreed | 394.15 2026-09-15 | -0.61% | +1.50% | -3.17% |
| ITA | Updisagreed | 214.00 2026-09-15 | +0.59% | 0.00% | -4.67% |
Closing prices from stored daily bars; returns measured from the last close on or before the event date. Not a recommendation.
Sources
Related
- 2026-10-21Northrop Grumman posts record $110B backlog and guides 2027 growth to 7%ITA NOC
- 2026-10-21IRGC deputy political chief Yadollah Javani threatens to target undersea internet cables if Iran is attackedDXY GLD TMT
- 2026-10-21Northrop Grumman posts record $110B backlog and guides 2027 growth to 7%ITA NOC
- 2026-10-21Secretary of State Marco Rubio says a peace deal with Iran is extremely difficult and economic pressure will continueBRENT CRUDE FUTURES DXY GLD
- 2026-10-21Northrop Grumman backlog hit a record $110 billionBA ITA NOC
- 2026-10-21Brent and WTI crude futures rise as traders price renewed Middle East supply risksBZ=F CL=F GLD
- 2026-10-20Iranian Revolutionary Guards say two tankers hit mines and caught fire south of HormuzBDTI BZ=F GLD LNG1!
- 2026-10-20President Trump says the United States is continuing economic and military pressure on IranCL1! GC1! ITA
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