Iran Strike on 15 Israeli Sites Topped $53 Million in Damages – Report

The Iranian missile attack on Israel earlier this month caused significant damage to property, amounting to an estimated $53 million, according to an Israeli report published on Sunday by Yedioth Ahronoth. The attack, which occurred on 1 October, is now regarded as one of the most destructive since the beginning of the war starting 7 October 2023.

Citing recent data from Israel’s property tax authority, Yedioth Ahronoth reported that the damages to civilian property are estimated between 150 and 200 million shekels (approximately $40 to $53 million). This makes it the most costly single missile strike on the occupation state since the war began.

The report detailed damage in at least 15 locations, including Israeli military bases. In Hod HaSharon, a settlement in central Israel, around 100 apartments were damaged, with losses estimated at more than 10 million shekels ($2.6 million) for one building alone.

Israel announced earlier this month that Iran had launched approximately 180 missiles in a retaliatory strike for the assassinations of Hezbollah leader Hassan Nasrallah, Hamas leader Ismail Haniyeh, and Iranian Revolutionary Guard commander Abbas Nilforoushan. The attack was described by Iran as revenge for these killings, which occurred in late September during Israeli airstrikes in Beirut and in July during an Israeli strike in Tehran.

Shortly after the incident, the Israeli military, as well as the Biden administration, denied that the strike had a significant influence according to the Quds News Network.