Experts monitoring the economic damage resulting from global conflicts have told the BBC that the Iran war is costing the United States about two billion dollars a day.
The war has already cost Americans tens of billions of dollars in weapons and military spending, damage to U.S. assets and other costs, says Stephanie Saville, director of Brown University’s Cost of War Project.
Savile says that the public debt is adding enormous amounts on a daily basis as a result of the war.
According to US media, the Pentagon told Congress in early March that the first six days of the war had cost $11.3 billion. Seville thinks the cost is actually much higher than that.
Linda Blymes, a defense budget expert at Harvard University, says the war is likely already costing $2 billion on an almost daily basis.
Saville says the burden of war costs always falls on the average American. Fuel prices have gone up as a result of the war. Besides, there will be long-term effects like inflation, business uncertainty and increase in insurance cost.
The White House has already said that an additional $200 billion will be required for the war in Iran, which Seville says is a very serious sum.
“This really proves that the war is on,” he said.
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