Israeli Prime Minister Benjamin Netanyahu’s pushes to attack Iran are going to come at an enormous cost, and its not even just the cost of their huge military and the elaborate weapons used in the initial strike.
New estimates from Business Data Israel are claiming a cost of 167 billion NIS, or about $42 billion just in damage to the economy as the result of a war with Iran, predicting some $10 billion in lost hours, $2 billion in military costs and another $30 billion in lost trade.
Even this might be a modest estimate, analysts say, as the report explicitly did not attempt to take into account the impact of the war on oil price, which would likely be substantial itself, but it much harder to figure.
Israel’s banking chief Stanley Fischer warned earlier this month of the economic crisis that might result from an attack on Iran, but this is the first time that economic analysts have attempted to put an actual dollar figure on the matter.
Last 5 posts by Jason Ditz
- Palestinians Slam Planned US Embassy Move to Jerusalem - February 23rd, 2018
- White House Orders Military Parade for Veterans Day - February 23rd, 2018
- Turkish Army Attacks Afrin Convoy, Kurds Say It Was Full of Aid - February 23rd, 2018
- Nigeria Sends More Troops to Look for Missing Girls - February 23rd, 2018
- Trump Vows 'Largest Ever' North Korea Sanctions, Threatens Ominous 'Phase Two' - February 23rd, 2018