Vikrant Shekhawat : Oct 15, 2024, 03:40 PM
Iran Israel Conflict: After the attack on Israel by Iran on October 1, 2023, Iran claimed that their attack was 90 percent successful. However, Israel had said that it had destroyed most of the missiles in the air and the number of casualties is very low. Now, almost two weeks later, a report from the Israel Tax Department is revealing that Iran's attack caused terrible devastation in Israel.Israel's losses revealedAccording to the Israel Tax Department, Iran's attack has caused losses of 40 to 53 million dollars. The report states that about 2,500 insurance claims were made in the two weeks after the October 1 attack, more than half of which are from northern Tel Aviv, where apartments and many commercial buildings have suffered severe damage.The Israeli city of Hod Hasharon was the worst affected by the attack, where more than a thousand houses have been damaged. At the same time, dozens of apartments and a restaurant were also targeted in Tel Aviv. According to the report, it is not clear how many buildings were damaged by direct attack and how many by debris of missiles destroyed in the air, but the figures of insurance claims show that this attack by Iran has caused great damage to Israel.Huge compensation in the last one yearA statement by the Israel Tax Department said that they have paid about 375 million US dollars to compensate for the losses caused by the war going on in the last one year. Apart from this, more than 25 million payments are still pending. These figures do not include those losses which have not been compensated.Iran's attack and Israel's responseIran fired about 200 missiles on Israel with the aim of avenging the death of Hezbollah chief Hassan Nasrallah and Hamas political chief Ismail Haniyeh. After this, Israel has vowed to give a strong response to Iran. This attack by Iran has further increased tensions in the region.Iran had carried out a similar major attack in April this year, in which 300 drones and 100 ballistic missiles were fired. In that attack, only four or five missiles were able to penetrate Israeli air defenses, while most were destroyed in Iraq and Jordan.ConclusionIran's attack has produced serious consequences for Israel from an economic and strategic point of view. After this attack, the situation in Israel and the increase in tension have led to potential war situations across the region. It remains to be seen how Israel handles its security and economic situation and what will be its response against Iran.