Israel War Cost Hits $57 Billion Before Iran Bill Arrives

2026-03-24 - 12:10

Key Points — The Bank of Israel reported the Gaza war cost the economy 177 billion shekels ($57 billion), equivalent to 8.6% of annual GDP over two years, with no accounting yet for the ongoing Iran campaign — Israel’s cabinet approved $13 billion in additional spending for 2026 to fund the war with Iran, while