He writes that the conflict in Israel will cause serious shocks to the global economy if its geography expands. Bloomberg.
“Like previous wars in the Middle East, the conflict between Israel and Hamas <…> The article states that if more countries join, it could harm the global economy and even trigger a recession.
Journalists pointed out that the Middle East is a major energy supplier and an important shipping route. Conflict in the region could therefore “cause turmoil around the world.”
The publication points out that the global economy is fragile, as it has not yet recovered from the increase in inflation due to the conflict in Ukraine. The authors are confident that the war in the oil-producing region will accelerate inflation again.
7 October Hamas forces launched Several thousand rockets were fired at Israel and the launch of Operation Al-Aqsa Flood was announced. Thousands of militants invaded Israeli territory, seizing dozens of military equipment and more than a hundred hostages. In this context, Israeli Prime Minister Netanyahu announcedthat the country is at war.
The Israel Defense Forces intervention operation was called “Iron Swords”; One of its goals was the destruction of Hamas. Israeli Air Force applied Hundreds of Hamas targets in the Gaza Strip were attacked, and Israel’s National Security Council decided to cut off the supply of water, food, goods, electricity and fuel to the strip. 13 October Israel reported The UN said 1.1 million Palestinians should be evacuated to southern Gaza within 24 hours before a ground operation in Gaza.
Previously “socialbites.ca” answered On important questions about the Israeli-Palestinian conflict.