How Much Are You Spending on the Iran War? $300 and Counting.

A new report shows the “unacknowledged tax” of the Iran energy price shock.

Photo illustration of a fighter jet in the sky; its jet stream has been replaced by a long receipt.

Mother Jones illustration; Getty

Get your news from a source that’s not owned and controlled by oligarchs. Sign up for the free Mother Jones Daily.

The Pentagon estimates that it has spent upward of $29 billion on weaponry to bomb Iran since February 28, in a war of choice that has killed at least 3,400 people in Iran and thousands more across the region. 

Americans, far away from the bombs, are relatively insulated from the immediate, human costs of warmaking. But the war is hitting Americans in their pocketbooks—and a new tracker shows how much individual American consumers have spent on higher-priced fuel since the war began and gas prices soared to a national average of $4.50 per gallon.

The Climate Solutions Lab and Costs of War Project at Brown University released a research brief May 18 showing that Americans have spent an additional $42 billion on gasoline and diesel over the past ten weeks. “On average, each U.S. household has paid over $300 more for gasoline and diesel since February 28, 2026, than it would have without the war,” the researchers wrote. 

“This is where Americans who aren’t service members or who don’t have service members in their families are feeling this war in Iran the most,” said Stephanie Savell, a researcher with the Costs of War Project. “It’s a reminder, every time you go to the gas pump, that this country is at war.”

A 2025 report on US consumers showed that most Americans could not afford a $1000 emergency, and federal reserve data that same year revealed that only 60 percent of American households could withstand even a $400 unexpected expense. A surprise $300 surcharge at the gas pump, then, could be disastrous. 

“People are already having to make choices between gas and other basic living expenses, and that is just going to continue,” Savell said. “This is a war cost that affects people on the lower end of the income ladder more.”

The Pentagon still has not provided Congress with an itemized cost of this war—the best numbers we have come from Pete Hegseth’s congressional testimony earlier this month, and then from a Pentagon official who corrected him the next day, saying he had estimated a bit too low. Some researchers say that the costs are likely far higher—somewhere more in the region of $1 trillion. And many of those costs are being kicked down the road to future generations, Savell said: “When the US is engaged in a conflict, a lot of times the spending is credit card spending. So we’re basically deferring payment for the war to future generations.” War borrowing, Savell explained, is “basically taking money from the budget for any sort of social safety net,” and then passing that money along to creditors.

“This data shows that energy price shocks function as an economy-wide, unacknowledged tax on households, with costs comparable to large federal programs and policies,” the Costs of War Project and Climate Solutions Lab researchers wrote in their brief. As the Strait of Hormuz remains closed, that “unacknowledged tax” will keep showing up at the gas pump. 

Donald Trump, meanwhile, told reporters today that high gas prices are not a concern of his. “This is peanuts,” he said. “I appreciate everybody putting up with it for a little while. But I don’t even think about it.”

Don’t just click away.

We need your help. We’re halfway through our Summer Membership Drive, and only $35,000 toward our $200,000 goal. But there’s good news: This week only, every donation will be doubled, up to $50,000, thanks to a generous reader.

That’s twice the impact for intrepid reporting that peels back the layers to publish the truth—and the context you need to break it all down. It’s twice the fuel for investigations on voting rights and justice, critical in this midterm election year. And it’s twice the power for exposing the chaos and corruption of a White House trying to control the narrative.

This is a pivotal moment in our nation, with democracy on the line, and we can only do this work because readers like you step up. Every donation, of any amount, makes a difference here. And every donation will be doubled.

We cannot do this work without you. Join the fight. Double your donation to defend democracy.

Don’t just click away.

We need your help. We’re halfway through our Summer Membership Drive, and only $35,000 toward our $200,000 goal. But there’s good news: This week only, every donation will be doubled, up to $50,000, thanks to a generous reader.

That’s twice the impact for intrepid reporting that peels back the layers to publish the truth—and the context you need to break it all down. It’s twice the fuel for investigations on voting rights and justice, critical in this midterm election year. And it’s twice the power for exposing the chaos and corruption of a White House trying to control the narrative.

This is a pivotal moment in our nation, with democracy on the line, and we can only do this work because readers like you step up. Every donation, of any amount, makes a difference here. And every donation will be doubled.

We cannot do this work without you. Join the fight. Double your donation to defend democracy.

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

INDEPENDENT. BECAUSE OF YOU.

Mother Jones has no billionaires calling the shots—just readers like you making fearless reporting possible

Donate