Israeli economy continues to suffer as a result of the repercussions of the war on Gaza, most notably Sanaa’s blockade of Israeli shipping.
The Israeli Finance Minister, Bezalel Smotrich, acknowledged that this war is the most expensive in the history of “Israel”, and its cost has so far reached about 250 billion shekels (more than 66 billion and 600 million dollars), stressing that this will not end there.
For its part, the American “Bloomberg” agency said that the Israeli shekel has fallen by about 3.4% against the dollar since the end of August 2024, which is one of the most difficult performances in the world, noting that the risk premium in “Israel” is its highest level in 12 years.
Israeli circles have previously acknowledged that the occupation has incurred heavy losses as a result of the naval blockade imposed by Sanaa forces on Israeli shipping, which has caused the closure of the occupation’s ports.
