Economics

Iran Caused $3 Billion of Damage With Missile Strikes on Israel

Iranian Missiles Intercepted Over Tel Aviv

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.

The calculations shared by the Israeli finance ministry and tax body this week indicate the extent to which Iran broke through Israel’s defenses during nearly two weeks of rocket fire.