The ongoing conflict between Israel and Iran, now entering its second week, is severely impacting both nations' economies. Israel has significantly increased its military expenditure, diverting billions towards its operations against Gaza and Iran. On the other hand, Iran struggles with the effects of long-standing sanctions exacerbated by attacks on critical oil and gas infrastructure. As military efforts escalate, questions arise regarding the sustainability of the conflict, the potential for severe economic repercussions for both nations, and possible impacts on the global economy.
Both countries are experiencing significant economic strain as the ongoing conflict redirects funds toward military efforts while infrastructural damage hampers productivity.
The sustained strikes are leading to increased hardships, not just on military fronts but also for ordinary citizens, as resources get depleted and inflation rises.
Collection
[
|
...
]