Israel Approves $827M Emergency Budget for War With Iran

Israel approved an $827-million emergency budget for military purchases as the war with Iran entered its third week. The 2.6-billion-shekel package, approved over the weekend by cabinet ministers, will fund security purchases and address urgent needs without specifying details. Prime Minister Netanyahu's government has not officially commented on the measure. Foreign Minister Gideon Saar dismissed reports Israel informed the US about running short of missile interceptors. A finance ministry document cited 'intensity of fighting' as justification, noting 250 ballistic missiles had been fired at Israel by March 13. Twelve people have been killed since the war began. This escalation could impact global oil prices and regional stability, affecting Nigeria's economy. Monitor official statements and oil market updates for implications.

SOURCE: https://www.channelstv.com/2026/03/15/israel-approves-emergency-military-funding-as-iran-war-rages/