Pentagon report reveals US munitions shortfalls amid Iran war as costs hit $33.4B

A Department of Defense inspector general report reveals devastating U.S. losses in the Iran war from February 28 to June 30. Iran damaged or destroyed hundreds of buildings, including the U.S. Fifth Fleet headquarters in Bahrain, and downed dozens of aircraft, drones, and tankers. The conflict has cost $33.4B, leading to depleted munitions and supply chain bottlenecks. These shortfalls highlight urgent defense production challenges that risk U.S. military readiness and require rapid industrial scaling.