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Damage to Israeli economy from operation against Iran could reach $3 bln a week — Reuters

The Israel’s Finance Ministry attributes these losses to the level of restrictions imposed in the country amid the escalating conflict

LONDON, March 5. /TASS/. Damage to Israel's economy from the military operation against Iran could reach more than billion shekels ($2.93 billion) a week, Reuters reported citing Israel’s Finance Ministry.

The ministry attributes these losses to the level of restrictions imposed in Israel amid the escalating conflict. Gatherings are banned, while workforce activities are prohibited except for essential services - with most employees working from ·home, the agency says. The Ministry of Finance recommended the Home Front to move to "orange" - or limited activity that is less restrictive to workplaces than "red." This would halve the losses.

The United States and Israel launched a large-scale military operation against Iran on February 28. Major Iranian cities, including Tehran, were struck. The White House justified the attack by citing alleged missile and nuclear threats from Iran. At the same time, US leadership openly called on the Iranian population to rise up against their government and seize power. As a result of the strikes, Iran’s supreme leader, Ayatollah Ali Khamenei, and several other senior figures in the leadership of the Islamic Republic were killed. The Islamic Revolutionary Guard Corps announced a retaliatory operation, targeting sites in Israel. US military bases in Bahrain, Jordan, Qatar, Kuwait, the UAE, and Saudi Arabia were also hit.