Israel Faces Weekly War Losses of $2.93 Billion While Global Markets Stay Calm

Israel's Finance Ministry estimates that restrictions linked to the conflict with Iran are costing the economy 9.4 billion shekels, or about $2.93 billion, each week, with larger losses expected from the following week. While officials push to ease Home Front Command rules to cut the damage, U.S. equities are rising, oil has climbed above $82 a barrel, and volatility gauges are slipping. Israel's own stock market and currency have strengthened, even as Goldman Sachs cautions that investors may not have fully accounted for the economic fallout.