War has broken out between Israel and Iran. Tension has increased after Iran fired missiles at Israel on Tuesday night. The biggest impact of this increased tension between Israel and Iran is being seen in the countries of the Middle East, where the situation remains serious. At the same time, America has also warned Iran that it is with Israel. Recently, Iran had fired about 180 missiles at Israel, many of which fell in Iran’s territories and hit some Israeli cities. Some were shot down in the air, in which the biggest role was played by the Iron Dome, which is called Israel’s defense shield.
Price of Iron Dome 3 times more
Iron Dome is Israel’s ‘partner’, which shoots down missiles in the air. Talking about its working method, Iron Dome first identifies the enemy in the air, then sees the trajectory of the rocket and gives the command to launch the missile. Due to which more and more missiles coming towards Israel get destroyed in the air. The total cost of Iron Dome, called Israel’s defense shield, is about 3 times more than Iran’s defense budget. Let us know its price and how much it costs to operate.
At what cost is Iron Dome ready?
Talking about the cost of Israel’s Iron Dome, it is more than three times the defense budget of Iran. According to data released by World of Statistics, Iran’s defense budget is $9.95 billion (about Rs 83,000 crore). According to reports, the cost of Iron Dome, which is called Israel’s defense shield, is approximately Rs 3 lakh crore. In this sense, the weapon is worth more than three times what Iran is spending on the country’s defense.
How advanced is this weapon?
Iron Dome, developed by Israel’s Rafael Advanced Defense Systems, uses radar, advanced tracking technology and anti-missile batteries to detect the range of incoming rockets and mortars. It was designed to respond to rocket attacks launched by Hezbollah during the 2006 war in Lebanon, and today it has become Israel’s main weapon.
This much expenditure on interceptor missile
Talking about the interception range of this IRON Dome of Israel, it ranges from 2.5 miles to 43 miles. According to information shared in a 2021 report by the National Security Studies Institute, the cost of an interceptor missile is approximately $40,000-50,000. This means that the huge amount of money Israel has spent on preparing its security cover, its enemy countries have less defense budget than this.
How much does Israel spend on defense budget?
Israel is named among those countries which spend huge amount of money for their defence. It is also included among the top countries in terms of cutting-edge technologies and weapons. Talking about defense budget, while Iran’s total defense budget is 9.95 billion dollars, Israel’s defense budget is 24.4 billion dollars.
Talking about GDP, in this matter also Israel is much ahead of Iran. According to the World Bank, Iran’s GDP is 413.5 billion dollars, while Israel’s economy (Israel GDP) is more than 525 billion dollars.
Crude oil prices increased due to war
After Iran’s attack on Israel on Tuesday night, there was a huge rise in the price of crude oil on Wednesday. The price of crude oil increased by 5 percent. It is being estimated that if such attacks continue, trade with these countries will also be affected. Its effect will also be visible on the stock market.
