In this week’s recap, Rani launches a satellite into space with Russia’s assistance, sparking concerns about the escalating military partnership between Iran and Russia. Meanwhile, the leader of the Houthi rebels in Yemen draws comparisons to Nasrallah and faces criticism for terrorist activities, including an ecological crisis in the Red Sea caused by an attack on a ship carrying fertilizer.

Turning to Israel, the war against Hamas and Hezbollah poses significant economic challenges. The conflict disrupts daily life, displaces civilians, and leads to job losses, impacting various sectors such as tourism, construction, and agriculture. The Central Bureau of Statistics reports a substantial shrinkage in Israel’s GDP, emphasizing the need for strategic interventions to stabilize and revitalize the economy.

The war’s ripple effects extend beyond Israel, affecting neighboring countries and the Palestinian Authority-administered territories. Restrictions on Palestinian workers entering Israel lead to income reductions and decreased spending on Israeli goods and services. Additionally, shipping disruptions in the Red Sea affect Egypt’s transit fees and global trade routes.

Despite these challenges, Israel remains resilient, with the government implementing measures to support businesses and households, maintain financial stability, and attract foreign investment. As the conflict persists, Israel adapts to navigate the economic fallout and looks toward rebuilding and revitalizing its economy in the aftermath of war.