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Estimated Iranian economic damage from war approaches $150 billion

An estimate put the total explicit economic damage to Iran as a result of the war and blockade at $144 billion, but the true figure is believed to be much higher. Foundation for the Defense of Democracies, a pro-Israel think tank, released the report on Friday, providing one of t

First seen · 9:55 PM UTCMay 8, 2026

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Estimated Iranian economic damage from war approaches $150 billionAn estimate put the total explicit economic damage to Iran as a result of the war and blockade at $144 billion, but the true figure is believed to be much higher. Foundation for the Defense of Democracies, a pro-Israel think tank, released the report on Friday, providing one of t
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Victory in Europe Day

May 8th, 1945, marked the unconditional surrender of Nazi Germany — the end of World War II in Europe after nearly six years of conflict. Street celebrations erupted from London to Moscow. In Germany the same date is called Tag der Befreiung, Liberation Day, a reminder that the same event carries different meaning depending on where you stood.