Iran Strikes at Israel’s Financial Jugular in Strategic Escalation

Israeli reliance on capital markets is the latest casualty of Iran’s ‘True Promise 3’ operation.

Image: The Economic Times

Iran’s 19 June precision missile strike reportedly targeted the Tel Aviv Stock Exchange (TASE) and the home of Danny Naveh, former Israeli minister and current CEO of Israel Bonds, a crucial figure in securing foreign financing for the Israeli state. The operation marked a deliberate escalation in Iran’s strategy, shifting the battlefield toward financial infrastructure. By aiming at both institutional and individual pillars of Israel’s wartime economy, Tehran signalled its intent to undermine the mechanisms sustaining Israel’s fiscal resilience. With markets already responding and credit downgrades on the horizon, the attack represents a calculated move to constrain Israel’s financial manoeuvrability as the conflict persists.