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    Finance

    Israel shuts schools, bans gatherings as Iran launches retaliatory missiles

    Published by Global Banking & Finance Review®

    Posted on March 1, 2026

    3 min read

    Last updated: March 1, 2026

    Israel shuts schools, bans gatherings as Iran launches retaliatory missiles - Finance news and analysis from Global Banking & Finance Review
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    Quick Summary

    Israel declared a nationwide state of emergency on February 28, 2026, shuttering schools, workplaces, and gatherings, and mobilizing reservists after Iran retaliated with missiles and drones to a joint US-Israeli strike on Iranian targets. Israel’s airspace was closed, citizens urged to shelter, and

    Israel Implements Emergency Measures as Iran Launches Retaliatory Missiles

    Nationwide Response to Iranian Missile Attacks

    By Alexander Cornwell

    Emergency Declarations and Public Safety Measures

    TEL AVIV, Feb 28 (Reuters) - Israel banned public gatherings, shut schools and workplaces and moved hospital patients to underground facilities on Saturday as Tehran launched missiles towards Israel in retaliation for a joint U.S.-Israeli attack on Iran.

    Defence Minister Israel Katz declared a state of emergency across the country, warning the public of Iranian missile and drone attacks.

    Mobilization of Security Forces

    The military ordered the public to follow emergency guidance as it announced tens of thousands of reservists were being called up for service, including to reinforce its land borders. The police urged against non-essential travel so as to allow security and emergency vehicles to move freely.

    Public Reaction and Preparedness

    Protected by a sophisticated air defence system, some Israelis went to the beach in Tel Aviv on Saturday ahead of the initial Iranian response, saying they felt safe and voicing support for an operation against Iran.

    "It's about time," said Shira Dorany as she took a walk along Tel Aviv's Mediterranean-front promenade.

    "I don't want to wait anymore for what's coming. Now, it's coming. Let's finish it."

    Impact on Civilians and Infrastructure

    There were few reports of damage or injuries from Iran's initial missile barrages. Israelis generally have access to bomb shelters and are warned to rush to them by a nationwide alert system.

    Background: Escalating Tensions Between Israel and Iran

    Israel and Iran last year faced off in an aerial war, after Israel launched a surprise attack on Iran in June that the United States later joined. The war lasted 12 days, killing over 30 people in Israel and more than 900 in Iran.

    Previous Attacks and Affected Areas

    Tel Aviv, where several military sites are located, suffered multiple strikes during last year's war, as did parts of southern Israel where there are some military bases.

    Travel Restrictions and International Response

    Israel on Saturday closed its airspace to civilian flights though land borders with Egypt and Jordan remained open, according to a spokesperson from the airport authority.

    The U.S. Embassy in Jerusalem said government personnel had been advised to shelter in place, after on Friday warning staff they should leave the country if they wished to.

    Economic Impact and Civilian Behavior

    In Jerusalem, people were seen rushing to buy food and withdraw money as explosions from missile interceptions echoed across the city.

    Healthcare System Adaptations

    At the Sheba Medical Center near Tel Aviv, medical workers were moving entire hospital wards underground.

    Hospital Preparedness Efforts

    "(Sheba) switched to advanced preparedness mode in preparation for the strike in Iran. We are in the process of moving all our departments and services into protected areas," said Itai Pessach, the medical center's director general.

    Public Sentiment Amid Crisis

    At the beach in Tel Aviv, Maayan Eliasi, 43, said Israeli strikes on Iran were necessary "to establish that we are strong."

    Statements from Citizens

    "We are not scared, and we are here to protect our land."

    (Reporting by Rami Amichay, Alexander Cornwell and Pesha Magid; Editing by Rami Ayyub and Janet Lawrence)

    References

    • Israel Launches Preemptive Strike on Iran | Israel Hayom
    • Missile strike hits Tel Aviv

    Key Takeaways

    • •Israel’s Defense Minister Israel Katz declared a nationwide state of emergency after Iran’s missile and drone retaliation to a US‑Israel airstrike on Iran — closing schools, workplaces, and public gatherings, and calling up tens of thousands of reservists (israelhayom.com).
    • •The airspace across Israel was fully closed, and civilians were instructed to stay near bomb shelters while hospitals like Sheba Medical Center moved wards underground in preparation for further attacks ().

    Frequently Asked Questions about Israel shuts schools, bans gatherings as Iran launches retaliatory missiles

    1Why did Israel shut schools and ban gatherings?

    Israel enforced these measures as a response to Iranian missile attacks following a joint U.S.-Israeli strike on Iran.

    2What emergency steps did Israel take during the missile attacks?

    Israel declared a state of emergency, shut schools and workplaces, called up tens of thousands of reservists, and moved hospital patients underground.

    Table of Contents

    • Nationwide Response to Iranian Missile Attacks
    • Emergency Declarations and Public Safety Measures
    • Mobilization of Security Forces
    • Public Reaction and Preparedness
    • Impact on Civilians and Infrastructure
    • Background: Escalating Tensions Between Israel and Iran
    • Previous Attacks and Affected Areas
    • Travel Restrictions and International Response
    • Economic Impact and Civilian Behavior
    • Healthcare System Adaptations
    • Hospital Preparedness Efforts
    • Public Sentiment Amid Crisis
    • Statements from Citizens
    israelhayom.com
  • •Iran’s initial retaliation caused multiple missile attacks, including one in Tel Aviv that killed a woman and injured several, demonstrating limitations in Israel’s defenses despite its sophisticated system (washingtonpost.com).
  • 3Was there significant damage or injury reported in Israel?

    There were few reports of damage or injuries from Iran's initial missile barrages.

    4How did Israeli civilians react to the missile threat?

    Some residents felt protected by air defense systems and continued daily activities, while others rushed to shelters and stocked up on supplies.

    5How is the financial sector being impacted by the conflict?

    People in Jerusalem were seen withdrawing money and buying necessities, indicating concerns about the possible financial impact and stability.

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