War breaks out between Israel and Iran. Tensions increased after Iran fired missiles at Israel on Tuesday night. Rising tensions between Israel and Iran have had the greatest impact on countries in the Middle East, where the situation remains dire. At the same time, the United States also warned Iran to stand with Israel. Recently, Iran launched about 180 missiles towards Israel, many of which landed in Iran and hit some Israeli cities. Some were shot down from the air, the one that played the biggest role was the Iron Dome, known as Israel’s defensive shield.
Iron Dome is more than 3 times the price
Iron Dome is Israel’s “partner” responsible for shooting down missiles in the air. Speaking of how it works, Iron Dome first identifies enemies in the air, then sees the trajectory of the rockets and gives the order to launch the missiles. As a result, more and more missiles heading towards Israel are being destroyed in the air. The total cost of the Iron Dome, known as the Israeli Defense Shield, is approximately three times the Iranian defense budget. Let us know how much it costs and what the operating costs are.
How much does it cost to get Iron Dome ready?
When it comes to the cost of Israel’s Iron Dome, it is more than three times the Iranian defense budget. According to data released by Statistics World, Iran’s defense budget is US$9.95 billion (approximately 830 billion rupees). According to reports, the cost of the “Iron Dome”, known as Israel’s Defense Shield, is about 3 billion rupees. If we look at it this way, then this weapon is worth more than three times Iran’s defense spending.
How advanced is this weapon?
Developed by Israel’s Rafael Advanced Defense Systems, Iron Dome uses radar, advanced tracking technology and anti-missile batteries to detect the range of incoming rockets and mortars. Originally designed to respond to Hezbollah rocket attacks during the 2006 Lebanon War, it has become Israel’s primary weapon.
The cost of intercepting missiles is so high
Israel’s Iron Dome has an interception range of 2.5 miles to 43 miles. According to information shared in a 2021 report by the Institute for National Security Studies, interceptor missiles cost approximately $40,000-50,000. This means that while Israel spends huge sums of money to prepare security cover, its enemy’s defense budget is less than this.
What is Israel’s defense budget?
Israel is one of the countries that spends huge amounts of money on defense. It is also at the forefront of cutting-edge technology and weapons. Talking about the defense budget, Iran’s defense budget totals $9.95 billion and Israel’s defense budget is $24.4 billion.
When it comes to GDP, Israel is far ahead of Iran in this regard as well. According to the World Bank, Iran’s GDP is $413.5 billion, while Israel’s economy (Israeli GDP) is over $525 billion.
Crude oil prices rise due to war
Crude oil prices rose sharply on Wednesday after Iran attacked Israel late Tuesday night. Crude oil prices rose 5%. It is estimated that if such attacks continue, trade with these countries will also be affected. The impact will also be felt in the stock market.
