local
What the Iran war cost the Pentagon, the economy — and Trump
By CNN Newsource at KVIA ABC-7
· June 21, 2026
· 1 min read
By Zachary B. Wolf, David Goldman, Kaanita Iyer, CNN
(CNN) — With an agreement signed and further talks set to commence, the US war with Iran is at a halt, at least for now, and President Donald Trump is telling Americans they have won.
“’YOU’RE WELCOME!” Trump wrote on Thursday in a post on ...
Key takeaway Wolf, David Goldman, Kaanita Iyer, CNN (CNN) — With an agreement signed and further talks set to commence, the US war with Iran is at a halt, at least for now, and President Donald Trump is telling Americans they have won.
Why this matters in The El Paso
The financial burden of the US war with Iran will have a ripple effect on El Paso 's economy, particularly given the city's significant military presence. The $40 billion sticker price of the war, coupled with the Pentagon's request for $80 billion in supplemental funding, may impact local defense contracts and jobs. El Paso's defense industry, which is a substantial contributor to the local economy, may face budget cuts or reallocations as a result of the war's expenses. Furthermore, the strain on the US stockpile of weapons could lead to increased production and procurement efforts, potentially benefiting local manufacturers and suppliers. As the city's leaders navigate the economic implications of the war, they must also consider the human cost, including the 13 American service members who lost their lives, and the potential long-term effects on El Paso's veterans and their families.
About this story
Original reporting by KVIA ABC-7 . The El Paso surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit KVIA ABC-7 . Have a tip or correction? Contact our newsroom .
Category: local ·
Published: June 21, 2026 ·
Source: KVIA ABC-7 ·
Reading time: 1 min
Get more The El Paso stories like this
Free weekly briefing covering local and other local news. Curated by our editorial team. No spam.
By subscribing you agree to our privacy policy . Unsubscribe anytime.
Frequently asked about this story
What is this story about? By Zachary B. Wolf, David Goldman, Kaanita Iyer, CNN
(CNN) — With an agreement signed and further talks set to commence, the US war with Iran is at a halt, at least for now, and President Donald Trump is telling Americans they have won.
“’YOU’RE WELCOME!” Trump wrote on Thursday in a post on ...
When was this published? This article was first published on June 21, 2026 by KVIA ABC-7 and curated for The El Paso readers.
Who reported this story? This story was reported by CNN Newsource at KVIA ABC-7. To learn more about how The El Paso selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from The El Paso, or browse our daily briefing and topic hubs .
← Back to all news
More local →
Today’s briefing
Subscribe to newsletter