Tel Aviv Drips Information on Iran Attacks: $20 Billion in Damages
According to webangah News Agency, as the dust settles after the ceasefire between Iran and Israel, Tel Aviv faces growing challenges-not just economically but also strategically, politically, and socially.
The Israeli newspaper Globes reported that each missile strike on occupied territories triggered compensation claims from an average of 4,000 individuals. It noted the unprecedented blast intensity of Iranian missiles displaced over 18,000 Israelis within 12 days.
Israel’s National Insurance Institute confirmed receiving 39,000 claims for direct financial damages from Iranian attacks inside Israeli cities. This excludes hundreds or thousands of damaged buildings whose owners have yet to file claims.
Initial Hebrew-language media reports admitted $6 billion in direct damages from Iran’s strikes. Updated economic assessments now estimate the war’s direct costs at $12 billion-covering military expenses,missile damage compensations for individuals/companies,and reconstruction in occupied territories-with projections suggesting a potential rise to $20 billion.
The Israeli military separately demanded $11 billion in compensation for interceptor missiles expended during the attacks and weapons stock replenishment. These figures exclude housing costs for thousands of displaced Israelis temporarily relocated to hotels or rental properties. Approximately one-third of damaged properties remain unassessed; their reconstruction may require an additional $600 million.
The war’s financial burden is expected to create a deficit in Israel’s public budget while exacerbating existing shortfalls from Gaza conflict expenditures. Despite this, officials downplay consequences by emphasizing claimed “strategic gains” against iran.
Israel’s military censorship continues suppressing details about infrastructure destruction-especially at strategic sites like Haifa’s Bazan oil refinery and Rehovot’s Weizmann Institute-though army radio confirmed “irreparable” damage to residential areas deep inside Israel.
economic analyst Yehuda Sharon estimates total war-related costs could reach $150 billion when accounting for market impacts: Israel’s diamond exchange (8% of exports) suffered severe blows as investors fled occupied territories amid stock devaluation threats destabilizing its economy.
