Jerusalem: Israel’s ongoing conflict with Iran could impose a heavy financial burden on the country, with losses estimated at nearly $3 billion per week if current emergency restrictions remain in place. According to a report by PTI, the Israeli Finance Ministry has raised concerns about the economic impact of the war.
The ministry estimates that restrictions imposed across the country are costing the economy roughly 9.4 billion shekels (about $3 billion) every week. These measures, introduced for security reasons during the conflict with Iran, include the closure of schools, limitations on workplace operations, and restrictions on public movement and gatherings.
In a letter addressed to Maj. Gen. Shai Klapper, the chief of Israel’s Home Front Command, Finance Ministry Director General Ilan Rom recommended easing some of the strict controls to allow businesses and workplaces to gradually reopen. Rom proposed that certain economic activities resume as early as Thursday to mitigate the growing financial strain.
Currently, many Israelis are working remotely as only essential services are allowed to operate normally under the “red” alert restrictions. The Finance Ministry suggested moving to a less restrictive “orange” level, which would permit a partial return to regular economic activity. Officials estimate that under such a scenario, weekly losses could fall to around 4.3 billion shekels (about $1.4 billion).
The warning comes as the conflict between Israel and Iran continues to disrupt daily life and economic activity across the country. According to PTI, policymakers are now balancing security concerns with the need to prevent prolonged damage to Israel’s economy if the current restrictions persist for an extended period.
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