MilitarySpend
Defense Economics Research

Operation Epic Fury

Operation Epic Fury: What It Is, Cost & Status

The US code name for the 2026 US–Israeli campaign against Iran — its phases, modeled cost, munitions, casualties, and the contested ceasefire, in one place.

By Roman Kukhalashvili · Updated Jun 4, 2026 · 23 sources
Edited by Roman · Jun 4, 2026
Operation nameOperation Epic Fury
StartedFebruary 28, 2026
Duration101 days
Current phaseCeasefire standby (modeled ~$95.00M/day)
Modeled cost to date~$33.71B
Ceasefire statusCeasefire since Apr 8, 2026 (contested)

What is Operation Epic Fury?

Operation Epic Fury is the US military code name for the joint US–Israeli campaign against Iran that began on February 28, 2026. Initial strikes hit Iranian military and nuclear installations and killed Supreme Leader Ali Khamenei. A Pakistan-brokered ceasefire took effect on April 8, 2026, but the conflict has not formally ended — standby positioning costs continue to accrue and intermittent exchanges have persisted since. MilitarySpend tracks the operation through a phased daily-cost model built on CSIS, Pentagon, and Penn Wharton Budget Model estimates, alongside casualty and ceasefire-status trackers.

All cost figures on this page are modeled estimates drawn from publicly available sources and should be independently verified before citation. The live counter and full methodology live on the US-Iran War cost tracker.

Phases & Timeline

MilitarySpend models the operation in three cost phases. Daily rates fall sharply as the US shifts from expensive stand-off munitions to cheaper gravity bombs and then to ceasefire standby.

Days 1–6 · Feb 28 – Mar 6

Initial strikes

~$1.88B/day

Peak intensity. Heavy stand-off munitions (Tomahawk cruise missiles at ~$3.5M each) and intensive Patriot PAC-3 / SM-3 interceptor use against Iranian drone and ballistic-missile barrages drove spending to a modeled ~$1.88B/day, per a Pentagon briefing to Congress.

Days 7–39 · Mar 6 – Apr 8

Sustained operations

~$500.00M/day

After establishing air dominance, the US shifted from expensive cruise missiles to cheaper gravity bombs (JDAMs at ~$80K each), and Iranian launches declined. CSIS senior adviser Mark Cancian estimated an ongoing rate near ~$500M/day.

Apr 8 onward · Apr 8 onward

Ceasefire standby

~$95.00M/day

Since the April 8 ceasefire, no munitions have been expended in sustained combat. Costs reflect forward-deployed carrier groups and standby positioning — a modeled ~$95M/day, aligned with CSIS's April 30 "under $100M/day" estimate.

For the full dated event log — opening strikes, the Strait of Hormuz closure, the April 8 ceasefire, and the exchanges since — see the Iran war timeline.

Cost of Operation Epic Fury

Modeled cost to date
~$33.71B

Over 101 days, MilitarySpend models the cumulative cost to US taxpayers at roughly $33.71B, using the phased daily-rate model above. The current phase is Ceasefire standby at a modeled ~$95.00M/day. For context, the Pentagon comptroller placed direct war costs at $29B as of May 12, 2026 — a figure that excludes base damage and longer-run economic effects.

trending_upOpen the live cost tracker

Munitions

rocket_launch~$758.00M/day

Tomahawk cruise missiles ($3.5M each), JDAMs ($80K each), Patriot PAC-3 and SM-3 interceptors. Largest cost driver — shifted from expensive stand-off weapons to cheaper gravity bombs after Day 4.

Modeled early-phase rate — early phase rate; declined significantly after munitions transition. Specific weapon counts beyond those disclosed in public CSIS and CRS reporting are not estimated here.

Casualties

Official figures place US military deaths at 13–15 (CENTCOM / CRS R48887), with hundreds wounded. Iranian military losses are disputed across a wide range, while Iran International documented 52 senior Iranian officials and commanders killed — including Supreme Leader Khamenei. Civilian and regional tolls, especially in Lebanon, are tracked separately with source flags and confidence ratings.

See the full Iran War Casualties tracker →

Ceasefire Status

A Pakistan-brokered ceasefire took effect on April 8, 2026, and the US extended the cessation of hostilities indefinitely on April 21. Secretary of State Rubio declared the offensive stage "concluded" on May 6, but the truce remains contested: standby costs continue to accrue and intermittent US–Iran exchanges have persisted, so the conflict is officially paused rather than concluded.

Check the live ceasefire status tracker →

Frequently Asked Questions

What is Operation Epic Fury?

Operation Epic Fury is the US military code name for joint US–Israeli operations against Iran, which began on February 28, 2026. Initial strikes hit Iranian military and nuclear installations and killed Supreme Leader Ali Khamenei. A Pakistan-brokered ceasefire took effect April 8, 2026.

When did Operation Epic Fury start?

Operation Epic Fury began on February 28, 2026, when joint US–Israeli strikes hit Iranian military and nuclear installations.

How much has Operation Epic Fury cost?

As of day 101, the modeled total cost to US taxpayers is approximately $33.71B. The estimate uses a phased model: ~$1.88B/day for the first 6 days (Pentagon briefing), ~$500M/day for sustained operations (CSIS), and ~$95M/day during the ceasefire standby since April 8. The Pentagon comptroller placed direct war costs at $29B as of May 12, 2026.

Is Operation Epic Fury over?

Not formally. A Pakistan-brokered ceasefire took effect on April 8, 2026, and the US extended the cessation of hostilities indefinitely on April 21. Secretary of State Rubio declared the offensive stage "concluded" on May 6, but standby costs continue to accrue and intermittent US–Iran exchanges have persisted, so the conflict is officially paused rather than concluded.

What munitions were used in Operation Epic Fury?

Munitions and interceptors were the largest early cost driver. The opening phase relied on Tomahawk cruise missiles (~$3.5M each) and Patriot PAC-3 and SM-3 interceptors against Iranian drones and ballistic missiles. After establishing air dominance around Day 4, the US shifted to cheaper JDAM gravity bombs (~$80K each), sharply reducing the daily munitions rate. These are modeled early-phase figures from CSIS analysis.

How many people have died in Operation Epic Fury?

Official figures place US military deaths at 13–15 (CENTCOM / CRS R48887). Iranian military deaths are disputed across a wide range, and Iran International documented 52 senior Iranian officials and commanders killed, including Supreme Leader Khamenei. Civilian and regional tolls — including Lebanon — are tracked separately. See our Iran War Casualties tracker for the full source-flagged breakdown.

Who is paying for Operation Epic Fury?

US taxpayers fund the operation through the Department of Defense budget. As of June 2026, no supplemental funding request had been passed by Congress; internal estimates of a future ask have ranged from $50B to $200B+.

Related Trackers

Sources

[1]
Estimated Cost of Epic Fury's First 100 HoursCSIS
[2]
Cost Update: $11.3B at Day 6, $16.5B at Day 12CSIS
[3]
Is the Iran War Costing $2bn Per Day?Al Jazeera
[4]
How Much the War With Iran Costs Every DayCNN
[5]
Casualties and Cost of the War in IranNPR
[6]
How Much is the War Costing Taxpayers?National Priorities
[7]
How Much Operation Epic Fury Costs Every DayABC News
[8]
U.S. Conflict with Iran (R48887)CRS
[9]
Why Is the War in Iran So Expensive?Harvard Kennedy School
[10]
Costs of War ProjectBrown University
[11]
Iran War's True Cost Closer to $50 Billion, Not $25 BillionCBS News
[12]
US Military Equipment Worth Billions Destroyed in Iran WarAl Jazeera
[13]
Expert: Iran War Cost $72 Billion Over First Two MonthsResponsible Statecraft
[14]
Trump Says Ceasefire on "Life Support," Slams Iran ResponseAl Jazeera
[15]
How Much Has the Iran War Actually Cost? A Lot More Than $25 BillionReason
[16]
Cost of Iran War Up to $29B as Lawmakers Push for DetailsStars and Stripes
[17]
Pentagon Gives New $29bn Iran War Price Tag, Downplays Munitions ConcernsAl Jazeera
[18]
Price Tag for Iran War Ticks Up to $29B, Not Including Base DamageBreaking Defense
[19]
U.S. Aircraft Combat Losses in Operation Epic Fury: Considerations for Congress (IN12692)CRS
[20]
42 Aircraft Lost or Damaged in Operation Epic Fury, Congressional Report SaysStars and Stripes
[21]
Estimated Costs of Epic Fury and the Potential Supplemental RequestAEI
[22]
Iran War Spending Drains US Military Budgets, Triggering Cancelled Trainings, Delayed MaintenanceCNN
[23]
Congress Waits on Iran-War Costs While Mulling $1.5T Defense RequestDefense One

Distribution

Join the Weekly Brief

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