First Gaza, now Iran: What two back-to-back wars will cost Israel

The war in Gaza had cost Israel over 250 billion shekels ($67.5 billion) by the end of 2024. The initial Iran conflict cost an estimated 5.5 billion ($1.6 billion) shekels in just two days. Defence budgets have surged from 60 billion ($17.1 billion) to a projected 118 billion shekels ($33.6 billion) in 2025, while daily costs of reserve call-ups and missile operations continue to mount

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