Israel estimates losses from this round of conflict with Iran to be as high as $3 billion or even higher

Israel estimates that the losses caused by the 12 day war with Iran amount to 10 billion shekels (approximately 3 billion US dollars), including funds needed to repair attacked buildings and pay compensation to local businesses. The calculation results released by the Israeli Ministry of Finance and tax authorities this week indicate that Iran has breached Israel's air defense system in rocket attacks over the past two weeks. This amount does not include the cost of Israel replacing weapons and defense systems in this operation, and the total amount is likely to increase significantly after the assessment is completed. Finance Minister Bezalel Smotrich stated that the total loss could reach up to $12 billion. The Bank of Israel expects an economic growth rate of 3.5% this year, but this figure may be affected by recent wars.