Trump has burned through more than $100 billion on Iran war

Published July 9th, 2026 - 07:10 GMT
Trump arriving in US after Ankara NATO summit
US President Donald Trump walks toward his motorcade after he arrived at Joint Base Andrews, Maryland on July 9, 2026. Trump is returning from the NATO Summit in Turkey. (SAUL LOEB / AFP)

ALBAWABA - One's mind might imagine the kinds of human achievements that can be made with $100 billion; curing world hunger, stopping climate change, finding a cure to cancer; the Trump administration has spent it on bombing Iran and still nothing has changed.

According to a new analysis by Popular Information’s Stephen Semler has found that the belligerent Trump administration has low-balled the true cost of war to Congress; Director of the Office of Management and Budget Russell Vought said the administration spent $30 billion on the war. However, Semler puts the number closer to $103 billion.

All this, as the U.S. President Trump said that he’s done negotiating with Iran, just a week after he and his administration patted themselves on the back for ending the war. He warned the public to expect more strikes, closure of the strait, and fuel price hikes. All leading to increasing the cost of the pointless war.

Semler argues that Vought himself must’ve been cognizant of the true cost of the war before telling the committee that it was $30 billion as, days before his testimony, he wrote Congress asking for $88 billion “on behalf of the President” - $72 billion of those to fund the war effort.

According to Semler, however, these $72 billion don’t come close to the total cost so far, instead he says that $72 billion were spent in the first 60 days of the war - with the cost rising after that.

In 120 days of the conflict, Trump has spent $28.5 billion in mobilization, administrative, and immediate combat costs; $46.7 billion on missiles, interceptors, and bombs; $20.3 billion on damaged or destroyed military assets; $2.9 billion on Israel’s bombs and interceptors; and an additional $4.8 billion on war costs to nonmilitary U.S. agencies, according to Semler.

These unreal numbers are expected to balloon further as the war picks up again with no end in sight. How will Trump’s administration pay for all these war expenses has still not been explained by anyone in his administration, from top to bottom.