12-day war against Iran costs Israel an estimated $20 billion

News Network
June 26, 2025

israeldamaged.jpg

Israel has suffered an estimated $12 billion in direct losses from its 12-day war of aggression against Iran, with total losses potentially rising to $20 billion, according to Israeli media and economic reports.

The losses encompass military expenditures, missile strike damages, payouts to affected individuals and businesses, and infrastructure repairs.

Experts warn the final tally may reach $20 billion once indirect economic impacts and civilian compensation claims are fully calculated.

According to Israeli newspaper Yedioth Ahronoth, the regime’s treasury has already sustained 22 billion shekels ($6.46 billion) in damages.

The Israeli military is now seeking an extra 40 billion shekels ($11.7 billion) to restock arms supplies, purchase additional interceptors and offensive weapons, and maintain reserve units, following pre-war requests of 10 billion and later 30 billion shekels.

Israel’s budget deficit is expected to rise to approximately 6 percent amid challenges to finance war expenses, building on deficits already accumulated during the Gaza war.

The move coincides with forecasts of at least a 0.2 percent economic slowdown, which would further reduce tax revenues.

Massive military spending

Israeli business daily Calcalist reported that the regime’s cabinet had spent roughly $5 billion, around $725 million per day, on offensive operations against Iran and defensive measures to intercept Tehran’s missile and drone barrages

Compensation alone is expected to cost at least five billion shekels ($1.5 billion).

TheMarker confirmed on Monday that physical damage from Iranian missile attacks has already surpassed 5 billion shekels ($1.5 billion).

Economic analysts had cautioned that prolonging the war could have pushed Israel's embattled economy to the brink of collapse.

According to property tax estimates, approximately 15,000 Israeli settlers were forced to evacuate their units due to damages caused by Iranian retaliatory operations, with many relocating to hotels across the occupied territories.

The cost of their hotel accommodation is currently estimated at around 100 million shekels ($29 million. The regime will have to pay rent for an unknown period of time to hundreds or thousands of families, some of them long-term, until the collapsed buildings are rebuilt - a process that could take years.”

So far, more than 41,000 claims have been submitted to the regime’s compensation fund, with many more expected, according to data published by the right-wing newspaper Israel Hayom.

Of these, approximately 33,000 claims were for damage to buildings, while over 8,000 related to damage to vehicles, property, and equipment. The majority of claims - around 26,000 - were submitted by residents of Tel Aviv.

Before October 7, 2023, around 6,000 settlers were receiving permanent compensation from the regime. That number rose sharply to 25,000 following the Hamas-led operation inside southern settlements.

According to TheMarker, this figure is expected to increase further in the aftermath of the war on Iran.

Calls for US support

According to a report, citing a finance ministry insider, Israel is considering asking Washington for additional financial backing, whether as aid or guaranteed loans, to mitigate war costs and fund pressing military priorities.

On June 13, Israel launched an unprovoked aggression against Iran, targeting nuclear facilities and assassinating senior military commanders and scientists along with ordinary civilians.

In response, Iran launched hundreds of ballistic missiles and drones that struck multiple sensitive and strategic Israeli locations, as confirmed by Israeli media outlets.

The Israeli health ministry confirmed 29 fatalities and 3,238 injuries from the Iranian retaliatory attacks, though observers say the figure is likely to be much higher due to Israel's history of censoring casualty statistics.

The Marker characterized the missile strikes as creating “apocalyptic'” devastation, with preliminary damage assessments reaching at least 5 billion shekels ($1.4 billion).

Israel was forced to unilaterally accept a US-proposed ceasefire after incurring heavy losses and failing to destroy Iran’s nuclear infrastructure.

After the ceasefire went into effect on Tuesday, Israel’s extremist finance minister Bezalel Smotrich was quoted as saying “There is no doubt that this morning leaves a bitter taste.”

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
June 30,2025

canada.jpg

An Indian-origin woman living near Toronto, Canada, has sparked a widespread online conversation after sharing her experiences with subtle racism. Posting on Reddit, she recounted several incidents—such as having her ID double-checked at events, being met with skepticism at nail salons, and receiving cold stares at upscale restaurants—that made her feel out of place in her own community.

But it was a recent visit to a spa that pushed her to speak out. “The most recent thing was what made me write this post,” she began. “I was at a spa, and this white lady asked where I was from. I said India. Then she said, ‘Did you learn English after coming here? Your English is exactly like mine.’ I told her I’ve spoken English all my life, and she just stared at me until her pedicure was done and left. I didn’t even know how to react. It wasn’t aggressive, but it was so ignorant.”

She described the encounter as emotionally draining, adding, “Stuff like this happens too often, and it’s exhausting.”

The woman also touched on other common microaggressions: “And then there’s the classic... ‘You’re not like the other Indians’ just because I’m fair-skinned. How is that even a compliment?”

Her post resonated widely and drew mixed responses. Some users sympathized, sharing similar experiences. Others suggested the behavior stemmed more from ignorance than racism.

One commenter wrote, “The average American knows nothing about India except for what’s on TV, which is often stereotypical. Hence the amazement at our English prowess.”

Another offered a practical response: “If you want to push them into a corner, just ask them very politely, ‘I don’t understand, could you please elaborate?’ Then let them dig their own hole.”

Others emphasized discernment, noting the difference between racism and lack of cultural exposure. “Most people are just ignorant because of where and how they were raised. Educating them, when possible, is the best way—they’ll often appreciate it.”

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
June 27,2025

khameneiisrael.jpg

Tel Aviv, June 27: Israel's war minister (known as "defence" minister), Israel Katz, said on Thursday that Iran’s Supreme Leader Ayatollah Ali Khamenei was marked for assassination during the recent 12-day conflict, but evaded elimination by going underground. 

“If Khamenei had been in our sights, we would have taken him out,” Katz told Kan public television, adding that the Iranian leader “went very deep underground and broke off contacts with commanders,” making a strike “not realistic”, according media reports.

Speaking in a round of televised interviews, Katz reiterated that Israel actively searched for Khamenei throughout the war. “We searched a lot,” he told Channel 13, explaining that Israel’s goal was not regime change but to destabilise Iran’s leadership and apply pressure mid-conflict.

The war, which began on June 13 and concluded with a US-brokered ceasefire on June 25, saw Israel launch airstrikes that killed several top Iranian commanders and nuclear scientists. Katz said Israel maintained aerial superiority and enforced what he described as a policy of “enforcement actions against Iran,” designed to prevent the country from rebuilding its nuclear and missile capabilities, as per the Times of Israel.

Asked if Israel had sought US approval to target Khamenei, Katz told Channel 13, “We don’t need permission for these things.” 

He also compared Khamenei to Hezbollah leader Hassan Nasrallah, who was killed last year, advising the Iranian leader to remain in hiding, “I wouldn’t recommend that he stay tranquil,” Katz told Kan.

“He should learn from the late Nasrallah… I recommend that he do the same thing. ”US President Donald Trump had also threatened Khamenei’s life during the conflict. On June 17, Trump wrote on social media: “We know exactly where the so-called ‘Supreme Leader’ is hiding… We are not going to take him out (kill!), at least not for now.” 

However, days later, Trump walked back the statement, saying regime change was not advisable. Despite his earlier stance, Trump ordered the launch of Operation Midnight Hammer, a series of precision strikes on three Iranian nuclear facilities. According to White House press secretary Karoline Leavitt, the strikes were a “total obliteration” and successfully degraded Iran’s nuclear infrastructure. 

“It was a total success… Not only does our own intelligence say that, but even the Iranian foreign minister and the United Nations agreed,” she said at a briefing Leavitt also confirmed that the Trump administration remains focused on diplomacy and peace, with US and Iranian officials set to hold talks next week. She said the US is in close communication with intermediaries like Qatar to explore pathways for Iran to adopt a “non-enrichment civil nuclear program.”

The ceasefire has shifted priorities. Katz said Israel will no longer pursue Khamenei's life post-ceasefire but warned that any future provocations would be met with force. “There’s a difference, before the ceasefire, after the ceasefire,” he said. He also acknowledged that while Israel destroyed Iran’s enrichment capabilities, it does not know the location of all enriched uranium. However, Katz claimed that the strikes have delayed Iran’s nuclear ambitions “by long years” and vowed that “we won’t let that happen.”

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
June 30,2025

blast.jpg

Hyderabad, July 30: At least six workers were feared killed and 20 others injured in a massive reactor blast at an industrial unit at Pashamailaram near Hyderabad on Monday.

The incident occurred at a chemical factory in the industrial area in Sangareddy district around 9 a.m.

The explosion triggered a huge fire, which engulfed the premises of Sigachi Chemicals. Firefighters rushed to the spot to douse the fire. Eleven fire engines were pressed into service to control the fire.

Police, fire services and other personnel launched rescue and relief operations. Ambulances were also seen at the spot to shift the injured to hospitals.

The injured were admitted to government and private hospitals. The condition of some of the injured is stated to be critical.

Six of the workers were feared killed on the spot while an injured worker reportedly succumbed at a hospital. Officials have not yet confirmed deaths.

According to eye-witnesses, such was the impact of the explosion that workers were tossed in the air and fell several meters away. The manufacturing unit in the factory collapsed under the impact of the blast, while fire spread to the adjoining building within the factory premises.

Several workers were working near the reactor when it exploded. Migrant workers from Odisha, Uttar Pradesh and other states were employed in the industrial unit.

The explosion and fire sent panic among the employees in the chemical unit and the adjoining factories. They ran out of the premises.

The rescue workers were also using earthmovers to remove the debris of the demolished structure, as there are apprehensions that some workers may be trapped under it.

Sangareddy District Collector P. Pravinya and Superintendent of Police Paritosh Pankaj also rushed to the spot and were supervising rescue and relief operations.

Personnel from various industrial units and staff of different departments also joined the rescue operation.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.