WANA (Apr 19) – The Mayor of Tel Aviv, Ron Huldai, has revealed the extensive scale of destruction caused by Iran’s retaliatory strikes, confirming that over 1,000 residential units in the city are no longer habitable. Israeli media outlets quoted Huldai stating that the damage resulted directly from missiles and drones launched by Iran during the recent escalation.

 

Widespread Property Damage

According to reports, both direct missile impacts and shrapnel from interception operations struck buildings and infrastructure across Tel Aviv, Ramat Gan, and Bnei Brak. The damage extends beyond residential structures to include significant destruction of private vehicles and public equipment.

 

The Compensation Fund has already received claims from approximately 30,000 settlers seeking reparations for direct property damage. Official figures break down the claims as follows:

  • 18,408 cases of building damage.
  • 6,617 cases of vehicle destruction.
  • 2,594 cases of equipment damage.

 

Economic Toll of the Conflict

The Israeli Ministry of Finance has estimated the cost of 40 days of warfare against Iran and Lebanon at approximately $17.5 billion. Experts note that these preliminary figures are conservative, as they do not yet account for:

  1. The long-term costs of expected reconstruction projects.
  2. The loss of Gross Domestic Product (GDP) resulting from the partial shutdown of the economy during the conflict.

 

Comparison to Previous Escalations

Economic outlets, including Calcalist, highlighted the rapid financial drain caused by these hostilities. For context, the 12-day conflict in June 2025 against Iran saw corporate compensation costs reach approximately 3 billion shekels ($1 billion). The current figures suggest a significantly higher economic burden on the regime’s treasury as the scale of the damage continues to be assessed.