Damage to Israeli economy from Iran war could top $2.9 billion a week, ministry says

March 04, 2026 12:31

JERUSALEM: Damage to ​Israel’s economy from the air war with Iran could ‌reach more ‌than ​9 billion ‌shekels ($2.93 ⁠billion) ​a week, ⁠the Finance Ministry said on Wednesday.

Under current “red” ⁠restrictions by ‌Israel’s ‌Home ​Front Command ‌that ‌limit traveling to work and school ‌closings, along with callups to the ⁠reserves, ⁠economic loss is estimated at 9.4 billion shekels.

($1 = 3.0733 shekels)