Derek Merrin: The Iran War Had Cost Americans $100 Billion And The Lives Of More Than A Dozen Service Members

The Iran War Had Killed 13 American Service Members. John Klinner is one of the 13 US troops killed in connection with Operation Epic Fury, the name the Pentagon has given to the war with Iran. He died alongside five other crew members who were aboard a US Air Force KC-135 Stratotanker refueling aircraft when it crashed on March 12 in western Iraq. [CNN, 5/25/26]

Mark Zandi Reported That Moodi’s Cost Estimate Of The Iran War On American Households Was $100 Billion, Or Nearly $750 Per Household. “$100 billion. That’s our estimate of the cost of the Iran War to American households. That’s nearly $750 per household. This includes the additional U.S. military costs and the higher energy and other prices resulting from the war. This is a big economic blow, but deficit-financed tax cuts have cushioned it. Until now. As of May 16th, the bigger tax refunds Americans have received this year no longer cover the higher costs of gasoline, diesel, and jet fuel caused by the war. The financial pressure is thus mounting quickly, particularly on already hard-pressed middle and lower-income households. With the saving rate about as low as it ever goes, unless the war ends soon and energy prices come down, they will have little choice but to rein in their spending, weighing further on the already sagging economy.” [Mark Zandi, Twitter, 6/1/26]

Image: see original report, p. 40

[Mark Zandi, Twitter, 6/1/26]