The Irish refused to shake Israel's hand and lined up next to the team's bench instead of in the middle of the court for the pregame national anthem.
Feehan previously said the Irish team would face severe sanctions if they boycotted the match.
“No one wants to be in the situation we were in this week,” Feehan said.
Due to the ongoing war in Gaza, the qualifier was moved to Riga and was held despite pressure from Basketball Ireland to boycott the match.
Irish Sport for Palestine has called for a boycott of the Israel-Gaza war.
The match was fraught with tension, with Israel coach Sharon Drucker saying Ireland “did not respect” what the game represented, after Irish players expressed concerns about their play. he said.
Dr Searle said on Wednesday that the Irish team was “pretty anti-Semitic”.
Basketball Ireland said the comments were “inflammatory and completely inaccurate”.
Israel won the game in Riga 87-57.
“FIBA needs to make a decision”
“Ultimately we have to make sure we don't exclude anyone within our sport and that was exactly where we needed to be,” he told BBC Sport.
“It's definitely been a difficult week, but I think the sport is in great shape and moving forward in a positive manner.”
Feehan added he wants FIBA. [The International Basketball Federation] Making unilateral decisions regarding upcoming matches and taking those decisions out of the hands of each federation.
“No federation wants to be in that position, he said.
“Having said that, I think we came out of this situation very strong. The reality is it's a difficult situation.
“We hope that it will be resolved in the coming days, but ultimately it is up to FIBA. We cannot solve it alone.
“Decisions of this kind have to be taken as a whole. FIBA needs to make sure there is active support across Europe to do it. These things cannot be done in isolation; In the end, you're not only hurting yourself, you're hurting everyone else.”
“We want everything to be resolved. To be brutally honest, everyone wants peace and we hope that will happen in the not-too-distant future.”
Ireland's Under-17s are set to play Israel in a European qualifier in Albania on Friday, February 23, but, like Basketball Ireland, the Irish Football Association is facing calls to boycott the match.