What is the cost of the war between Israel and Iran? | Inside Story

Israel and Iran are in their second week of conflict. As well as inflicting damage on each other, both countries are putting their economies under strain. Israel has spent billions of dollars on its war on Gaza, and has upped its spending considerably with its largely air-based attacks on Iran. Iran was already struggling with the effect of years of sanctions, and now its oil and gas facilities are being hit. So can the two nations sustain the conflict? Which is likely to be worst affected?
And will the conflict eventually damage the global economy?

Presenter: Neave Barker
Guests:
Aly-Khan Satchu, Geoeconomic Analyst and investor.
Eyal Winter, Professor of Economics at the Hebrew University and Lancaster University.
Nader Habibi, Professor of Practice in the Economics of the Middle East at Brandeis University.

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Post from Al Jazeera on June 21, 2025

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