Israel and Iran are spending huge amount of money in war, Israel has faced a massive loss of…, Iran has…
Financial impact of Israel-Iran war: After the Israel-Iran war started, both the countries have launched hundreds of missiles against each other, leading to massive casualties on both sides. Along with valuable lives, both the war-torn countries have also lost millions of dollars in the weapons they have used against each other. As per media reports, Israel and Iran are both facing massive daily financial losses from their ongoing conflict and here are all the details you need to know.
According to a media report, Israel is spending approximately $200 million every day just to intercept Iranian missiles. In the first two days, Israel alone suffered an estimated $1.45 billion in damage to infrastructure and defense systems after Iranian attack. Another report said that Israel is spending around $725 million per day on the military strikes and rebuilding the damage may cost $ 400 million.
On the other hand, a one-month war with Iran could cost Israel around $12 billion, as per a report by Zvi Eckstein, the head of the Aaron Institute for Economic Policy. Apart from the direct losses, Iran has also faced heavy losses in gas and oil production.
Israel targets military sites, missile launchers in Iran
As the war in Middle-east continuous, the Israeli Defense Forces (IDF) announced that the Israeli Air Force (IAF) began a series of strikes targeting military sites in western Iran following a missile attack conducted by Iran earlier that day.
“The IAF has begun a series of strikes towards military targets in western Iran,” the IDF posted on X.
Iran launched more than 30 ballistic missiles at Israel on Sunday, the IDF had said earlier in the day. This came just hours after the United States carried out a military strike on three of Iran’s nuclear facilities.
According to emergency service Magen David Adom (MDA), at least 16 people have been injured in the latest missile barrage. One man in his 30s sustained moderate shrapnel wounds, while 15 others were lightly injured.
(With inputs from agencies)
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