US EditionIran Caused $3 Billion of Damage with Missile Strikes on Israel
- Israel estimated that its 12-day conflict with Iran caused about 10 billion shekels in damages primarily from missile strikes on central Israel, including Tel Aviv and Haifa.
- The war broke out after Iran launched thousands of ballistic missiles targeting densely populated areas while Israel responded with costly offensive operations and mobilized 450,000 reservists.
- Missile hits damaged key infrastructure such as the Bazan oil refinery, the Weizmann Institute of Science, and the diamond exchange, while the Israeli economy nearly shut down with widespread evacuations and closures.
- Finance Minister Bezalel Smotrich estimated total war costs could reach $12 billion, with daily military expenses around $725 million, while Trump noted missiles destroyed many buildings and both sides are exhausted.
- The conflict intensified Israel’s fiscal deficit to an expected six percent of GDP, forcing the government to consider spending cuts, tax increases, and borrowing to cover compensation and rebuilding costs.
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14 Articles
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
Denver GazetteIran 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.
Initial Israeli estimates put total losses from war against Iran at $20 billion
Israel has suffered an estimated $12 billion in direct losses from its 12-day war against Iran, with total damages potentially rising to $20 billion, according to reports.
How much has it cost, how many victims has it caused and who has come out of it better. Questions and answers about the Iran-Israel-Use confrontation
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