MilitarySpend
Defense Economics Research
LiveCeasefire — Day 35 since April 8 combat pause, status contested after Apr 19 Hormuz re-restriction/TrackerStrait of Hormuz — Brent peaked at $118, war-risk insurance hit 2.5% of hull value/TrackerIran war casualties — US, Iran, Lebanon figures with source confidence badges/UpdateCost reaches ~$28B — CSIS estimates $500M/day ongoing burn rate/AnalysisPentagon requests $200B+ supplemental as DoD releases operational fact sheet/BreakingNatanz nuclear facility struck — Iran retaliates against Dimona research center/UpdateIRGC naval commander Alireza Tangsiri killed in Israeli airstrike/Analysis$16.5B by Day 12 — US shifts from Tomahawks to JDAMs after air dominance/LiveCeasefire — Day 35 since April 8 combat pause, status contested after Apr 19 Hormuz re-restriction/TrackerStrait of Hormuz — Brent peaked at $118, war-risk insurance hit 2.5% of hull value/TrackerIran war casualties — US, Iran, Lebanon figures with source confidence badges/UpdateCost reaches ~$28B — CSIS estimates $500M/day ongoing burn rate/AnalysisPentagon requests $200B+ supplemental as DoD releases operational fact sheet/BreakingNatanz nuclear facility struck — Iran retaliates against Dimona research center/UpdateIRGC naval commander Alireza Tangsiri killed in Israeli airstrike/Analysis$16.5B by Day 12 — US shifts from Tomahawks to JDAMs after air dominance/

MilitarySpend

Independent defense economics research.

MilitarySpend is an independent research publication covering military spending, war costs, and defense industry economics through trackers, briefings, and reports.

Briefings archivearrow_forwardReportsarrow_forwardSourcesarrow_forwardMethodologyarrow_forward

Live Tracker — 2026

$
Per second
$57,043
Annual
$1.80T
1USA
$1.06T/yr
2China
$334.05B/yr
3Russia
$158.65B/yr
4India
$91.73B/yr
All tracked countriesarrow_forward
Edited by Roman · Apr 21, 2026

Publishing Rhythm

Site Operations

Iran war cost tracker passed $25B milestone on Day 73. Current phase: Ceasefire standby.

-1 days ago

Iran war cost tracker passed $28B milestone on Day 73. Current phase: Ceasefire standby.

-1 days ago

Iran tracker update: Day 73, total ~$33.8B, rate ~$0.2B/day. Ceasefire active.

-1 days ago

Updated publication timestamps and methodology review date.

-1 days ago
Full operations logarrow_forward

Data Snapshot

1
USA
$0
2
China
$0
3
Russia
$0
4
India
$0
5
UK
$0
6
Saudi Arabia
$0
7
Germany
$0
8
Ukraine
$0
Data and methodology notesarrow_forward

Reports

ReportPlanned flagship reportQ2 2026 target

Defense Contractor Landscape 2026

A paid dossier mapping the primes, private military firms, and high-growth supply chains shaping current defense spending.

MilitarySpend Research Desk
ReportPlanned subscriber briefingQuarterly series

Quarterly War Cost Briefing

A recurring premium report on live conflict costs, replenishment burdens, and spending spillovers across budgets.

MilitarySpend Data Desk

Briefings

Recent briefings

All briefings

Weekly Brief

Research updates by email.

New briefings, tracker updates, and future report releases.

Distribution

Join the Weekly Brief

Weekly briefings, tracker revisions, and formal report launches from the MilitarySpend research desk.