Israel, four days into attacks on Iran, could face Rp48 trillion in weekly economic losses

Wed, 04 Mar 2026, 19:36 WIB | By Cahya Mulyana | Source: MEDIA_INDONESIA | Economy

Israel’s Finance Ministry says the economic losses from the war against Iran could reach 9 billion shekels, or about Rp48.93 trillion per week.

Most recently, Israel’s attack backed by the United States on a manufacturing company in Alvand, Qazvin province in northwestern Iran, injured 23 people, according to the Qazvin governor’s office cited by Iran’s Tasnim News Agency. In total, six people were killed across the province, according to the governor’s office.

Earlier, an independent UN inquiry into human rights violations in Iran strongly denounced the US-Israel strikes on the country. “These attacks … are contrary to the United Nations Charter, which forbids the use of force against the territorial integrity or political independence of any state,” the UN Independent International Fact-Finding Mission on Iran said in a statement.

Meanwhile, Turkey’s Defence Ministry, which recently stated that NATO air defenses intercepted ballistic missiles fired from Iran, said in a statement that the missiles were shot down in the Dortyol district near the Mediterranean Sea and caused no casualties.

The statement emphasised that Turkey “is able to guarantee the safety of its region and its citizens, regardless of who or from where the threat comes.”

“We remind you that we reserve the right to respond to any acts of aggression against our country,” the statement added, urging all parties to refrain from “actions that would further widen the conflict in the region.”

Three air strikes hit Shajareh Tayyebeh Primary School in Minab, southern Iran.

The U.S. Embassy in Qatar urged U.S. citizens in the Gulf state to leave the area promptly.

The DPR asks the government to guarantee the safety of all Indonesian Migrant Workers (PMI) in the Middle East following the U.S.-Israel strikes on Iran.

There is speculation that Israel will continue bombing Iran for at least another two weeks, according to the latest information from Israeli military sources.

Previously, the Islamic Revolutionary Guard Corps (IRGC) vowed not to allow the attack by the US and Israel to pass unchallenged on Saturday (28 February).

Children must be protected from war, added the committee, a body of 18 independent experts monitoring the implementation of the Convention on the Rights of the Child.

UN Secretary-General Antonio Guterres has been in intensive contact with Gulf leaders to press for de-escalation in the Middle East conflict.

The UN has expressed concern over the rising military activity in Lebanon amid the Middle East conflict escalation between Iran and the United States and Israel.

Melania Trump made history as the first First Lady of the United States to chair the UN Security Council, leading a peace mission through education amid the conflict.

Iran’s Ambassador to Indonesia, Mohammad Boroujerdi, stressed that Tehran will not negotiate with the United States.

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