The post Wall street hasn’t noticed yet the war is costing Israel $2.93 billion a week appeared on BitcoinEthereumNews.com.

Israel is losing close to $3 billion a week since fighting broke out with Iran, and markets are barely flinching. That figure comes from Israel’s Finance Ministry, which on Wednesday put the weekly damage at 9.4 billion shekels, or about $2.93 billion. The losses stem from “red” restrictions under Israel’s Home Front Command, rules that keep most workers home, close schools, and call up reservists. The ministry said the bulk of those losses kicks in from next week. To soften the hit, ministry officials asked the Home Front Command to drop down to “orange”, a looser set of rules that would cut the weekly loss roughly in half, to 4.3 billion shekels. Fighting started Saturday when the U.S. and Israel launched strikes on Iran. Iran hit back with attacks across Israel and the broader Middle East, and energy exports from the Gulf took a hit. Both U.S. and Israeli officials say the campaign could run for weeks. Israel’s economy was already carrying scars from the Gaza war with Hamas, yet it still grew 3.1% in 2025. After a ceasefire in October, growth above 5% for 2026 looked realistic. That picture has since changed. Markets shrug off the war for now Wednesday marked five days of war and three days of open trading. U.S. stocks were heading higher. The S&P 500 was set to open in the green, and the VIX, Wall Street’s fear gauge, was falling. A New York Times report appeared to be driving the mood. Iranian intelligence officials had reportedly passed word, through a third country’s spy service, to the CIA that they were open to talks. Israel has reportedly told Washington to ignore it. U.S. officials are reportedly not taking it seriously. Iran denied the report outright. According to the semi-official Tasnim news agency, a source from…

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Filed under: News - @ March 4, 2026 9:27 pm