Two and a half years of launching brutal attacks on its neighbours and the besieged enclave of Gaza have transformed Israel’s politics, economy and society, analysts say.Now, as Israel engages in what many within the country have been repeatedly told is an “existential battle” with regional nemesis Iran, what the future might hold for Israel remains to be seen. The conflict’s ultimate end will likely be determined by lawmakers in Washington rather than planners in Israel.Recommended Stories list of 4 itemsend of listEven before its war on Iran, Israel’s genocidal war on Gaza had taken its toll on the country’s standing and financing. According to the Bank of Israel’s own numbers, the nation’s wars on Gaza, the Houthis, Lebanon and Iran since October 2023 have already cost it 352 billion shekels ($112bn), equating roughly to an average cost of 300 million shekels ($96m) per day.At the International Court of Justice, Israel faces what jurists have already ruled are credible accusations of genocide, while both its prime minister and former minister of defence are the subject of arrest warrants for war crimes issued by the International Criminal Court in November 2024. Now, economically, the country is bracing for what could be the catastrophic financial consequences of its war on Iran.And it seems no definite end is in sight.Long road aheadIsrael’s stated war aims of degrading Iran’s military capabilities and creating the conditions whereby its public might rise up against the government seem somewhat distant.After four weeks of constant bombardment, there are no strong signs of public dis …
