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Israel and Palestinian war- What Should You Know?

Mir Kamrul Parvez Biru by Mir Kamrul Parvez Biru
October 10, 2023
in Business, blog, Latest News, Market
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Israel and Palestinian war- What Should You Know?
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The Israeli military may be preparing for a ground invasion in reaction to the recent catastrophic onslaught by Hamas militants by activating an unprecedented 300,000 reserve soldiers and enforcing a total blockade of the Gaza Strip. According to reports, there have been over 687 Palestinians dead as a result of Israeli bombings since Saturday, bringing the overall death toll from the Hamas offensive to 900.

Hamas vowed to execute one Israeli captive for each house that was unprovokedly bombed after intensive Israeli airstrikes. With Hamas fighters still active in various parts of Israel, the situation is still tense. The US has expressed its support by moving military aircraft and ships closer to Israel.

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Israel is thinking about forming a national unity government with the opposition in response to the issue. Although formal negotiations have not been established, Qatari mediators are seeking to arrange the release of Israeli hostages held by Hamas in exchange for Palestinian inmates.

Israel and Western nations have strongly criticized the deliberate death of civilians. In response to the attack by Hamas, the European Commission has halted development assistance for Palestinians. Following Israeli pounding of Lebanon, Hezbollah launched rockets into northern Israel.

Tragically, nine Americans have died in Israel, and a number of other Americans are still unaccounted for. Likely dead or missing in Israel are more than 10 Britons. Prior to their strike, Hamas ran a misleading campaign.

In the Israel and Palestinian war, As Israel mulls launching a ground invasion in Gaza, the poor relationship between President Joe Biden of the United States and Prime Minister Benjamin Netanyahu confronts new difficulties. These events have agitated international markets, producing volatility, and affecting Israeli IT companies. Additionally, due of the intensifying violence, international airlines have curtailed or stopped offering flights to Tel Aviv, and some U.S. banks have told their employees there to work from home.

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