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

News Network
June 26, 2025

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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.”

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News Network
November 27,2025

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Bengaluru: The Vokkaligara Sangha on Thursday issued a stern warning to the Congress, saying the party could face serious electoral repercussions if Deputy Chief Minister D.K. Shivakumar is not appointed as Chief Minister.

The warning follows the public backing of Shivakumar’s chief ministerial ambition by top Vokkaliga pontiff Nirmalanandanatha Swami, who urged the Congress high command to honor his claim.

“The community supported Congress in the 2023 Assembly elections only because Shivakumar had a real chance to become CM. If he is cheated, we’ll teach the party a big lesson,” said newly elected Sangha president L. Srinivas. He added that Vokkaligas would organize protests under the guidance of community leaders.

General Secretary C.G. Gangadhar pointed out that Congress won more seats in the Vokkaliga-dominated Old Mysuru region due to Shivakumar’s influence, adding, “If Congress wants to retain power, Shivakumar should be made the CM.”

Outgoing president Kenchappa Gowda emphasized Shivakumar’s contribution to Congress’ victory. “Our community voted for Congress thinking he would become CM. Siddaramaiah has also served the party well, but Shivakumar should now be given a chance,” he said.

Former general-secretary Konappa Reddy appealed to Sonia and Rahul Gandhi to recognize Shivakumar’s loyalty and service, saying, “Congress is known to keep its promises. We hope it won’t break the promise made to him.”

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News Network
November 30,2025

The United Nations Committee against Torture (CAT) has condemned the Israeli regime for enforcing a policy of “organized torture” against Palestinians.

In a report published on Friday, CAT stated that the occupying regime enforces a deliberate policy of “organized and widespread torture and ill-treatment” against Palestinian abductees, particularly since October 7, 2023, when Israel launched its genocidal war on Gaza.

The committee expressed “deep concern over repeated severe beatings, dog attacks, electrocution, water-boarding, use of prolonged stress positions [and] sexual violence” inflicted on Palestinians.

Palestinian prisoners were degraded by “being made to act like animals or being urinated on,” systematically denied medical care, and subjected to excessive restraints, “in some cases resulting in amputation,” the report added.

CAT also condemned the routine application of “unlawful combatants law” to justify the prolonged detention without trial of thousands of Palestinian men, women, and children.

More than 10,000 Palestinians, including women and children, are currently held in Israeli prisons, according to Palestinian and international human rights groups, with 3,474 Palestinians in “administrative detention,” meaning they are imprisoned without trial for indefinite periods.

The report highlighted the “high proportion of children who are currently detained without charge or on remand,” noting that while Israel sets the age of criminal responsibility at 12, even younger children have been abducted.

Children designated as security prisoners face severe restrictions on family contact, may be subjected to solitary confinement, and are denied access to education, in clear violation of international law.

The committee further suggested that Israel’s policies across the Occupied Territories constitute collective torture against the Palestinian population.

“A range of policies adopted by Israel in the course of its continued unlawful presence in the Occupied Palestinian Territory amounts to cruel, inhuman or degrading living conditions for the Palestinian population,” the report said.

On Thursday, the Palestinian resistance movement Hamas condemned the systematic killing and torture of Palestinian abductees in Israeli prisons, urging international action to halt these abuses.

Citing human rights data, Hamas stated that 94 Palestinians have been killed in Israeli prisons since the start of Tel Aviv’s genocidal war on Gaza.

“This reflects an organized criminal approach that has turned these prisons into direct killing grounds to eliminate our people,” the resistance movement said.

Hamas called on the international community, the UN, and human rights organizations to immediately pressure Israel to end crimes against prisoners and uphold their rights as guaranteed by all international conventions and norms.

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News Network
November 22,2025

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The Israeli regime’s forces have killed two Palestinian children in the Gaza Strip every day since the ceasefire began in early October, UNICEF has warned.

The UN children’s agency said on Friday that Israeli forces continue to attack Palestinians in Gaza even though the agreement was meant to stop the killing.

“Since 11 October, while the ceasefire has been in effect, at least 67 children have been killed in conflict-related incidents in the Gaza Strip. Dozens more have been injured. That is an average of almost two children killed every day since the ceasefire took effect,” UNICEF spokesperson Ricardo Pires said in Geneva, reminding that each number in the statistics represents a child whose life had ended violently.

“These are not statistics,” he said. “Each child had a story, a family, and a future that was stolen from them.”

Data from Palestinian factions, human rights groups, and government bodies recorded since the US-brokered ceasefire deal went into effect on October 10 show that Israeli forces have carried out numerous attacks, each constituting a separate ceasefire violation.

UNICEF teams say they repeatedly continue to witness heart-wrenching scenes of fearful Palestinian children sleeping outdoors with amputated limbs, while others live as orphans in flooded, makeshift shelters.

“I saw this myself in August. There is no safe place for them. The world cannot normalize their suffering,” Pires said, lamenting that the UN could “do a lot more if the aid that is really needed was entering faster.”

The UNICEF spokesperson warned that with the advent of winter, the risks for hundreds of thousands of displaced children will increase.

He warned, “The stakes are incredibly high” for children as winter acts as a threat multiplier, where children have no heating, no insulation, and few blankets. He said respiratory infections rise.

“Too many children have already paid the highest price,” Pires said. “Too many are still paying it, even under a ceasefire. The world promised them it would stop and that we would protect them.”

“Now we must act like it,” the UNICEF spokesperson added.

Since the Israeli regime launched its genocidal war against Palestinians in Gaza in October 2023, it has killed nearly 70,000 people in the territory, most of them women and children, and injured over 170,000 more, while reducing most of the structures in the enclave to rubble.

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