US EditionIran Caused $3 Billion of Damage with Missile Strikes on Israel
ISRAEL, JUN 25 – Israel faces $12 billion in losses from missile damage, military spending, and economic shutdowns during a 12-day war with Iran, with over 36,000 compensation claims filed.
- Israel incurred an estimated $12 billion in direct losses during the 12-day war with Iran, according to reports released on Wednesday.
- Following Iran's missile and drone barrage targeting Tel Aviv, Haifa, and key infrastructure, Israel spent billions on defense and damage control during the 12-day conflict.
- Reports show Israel's treasury absorbed 22 billion shekels, Weizmann Institute lost 2 billion shekels, and daily shutdowns cost 1.5 billion shekels, totaling hundreds of millions in damages.
- The Israeli government expects its fiscal deficit to surpass 6% of GDP, exceeding the 4.9% cap, with discussions of US aid or loan guarantees underway.
- Beyond current estimates, analysts warn that total costs could reach $20 billion with indirect damages, risking the debt-to-GDP ratio exceeding 75 percent.
45 Articles
45 Articles
‘Israel Got Hit Really Hard’: How Iran’s Ballistic Missile Arsenal Played a Central Role Deciding the Outcome of the War
In the aftermath of the ceasefire that suspended Iranian-Israeli hostilities, new details have emerged regarding the extent of the damage caused by sustained Iranian ballistic missile attacks against Israeli targets. Although the Israeli government imposed strict censorship on reporting or publishing footage of the missile attacks, a growing number of strongly corroborating sources have indicated that the fallout form the attacks has far exceede…
Daily Journal
Iran strikes damage hard to assess under Israeli military censorship
Israel has acknowledged being hit by more than 50 missiles during the 12-day war with Iran, but the true extent of the damage may never be known due to stringent press restrictions.
Israel has estimated the cost of damage caused during its 12-day war with Iran at $3 billion, and would need funds both to repair buildings hit by missiles and to pay compensation to local companies. The calculations shared by the Ministry of Finance and the Israeli tax agency this week indicate to what extent Iran broke Israel's defenses during almost two weeks of rocket launch. “This is the biggest challenge we have faced; there has never been…
Hastings Tribune
Iran caused $3 billion of damage with missile strikes on Israel
Israel has estimated the cost of damages incurred during its 12-day war with Iran at 10 billion shekels ($3 billion), with funds needed both to repair missile-hit buildings and pay compensation to local businesses.
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