Iran and Israeli losses in billions
The Israeli Finance Ministry estimated the cost of 40 days of war on Iran and Lebanon at around $17.5 billion, the Israeli Channel 12 reported on last month.
Iran, during the war, launched some 650 ballistic missiles at Israel, causing extensive damage and loss of life, according to Israeli media.
Iranian officials have estimated around $270 billion in direct and indirect damages in the war. This figure includes war damage to infrastructure and economic losses, and Tehran has demanded compensation in talks with the US.
The US joined Israel in attacking Iran on February 28, with strikes quickly killing the longtime supreme leader, Ali Khamenei, and much of the other top brass, including hundreds of civilians.
But Iran quickly hit back by exerting control over the Strait of Hormuz, the narrow passageway through which one-fifth of global oil once sailed, and it has rained missiles and drones on US-allied Gulf countries, shattering the oil-rich countries’ hard-earned reputation for stability.
With a shaky ceasefire brokered by Pakistan since April 8 holding, the US president has angrily dismissed Iran’s recent responses to a US proposal for a settlement, warning the truce is on its last legs.
