Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

Israeli Forces Escalate Attacks on Gaza Amid Intensifying Conflict

Published 2023-10-30, 11:26 a/m
© Reuters.  Israeli Forces Escalate Attacks on Gaza Amid Intensifying Conflict

© Reuters. Israeli Forces Escalate Attacks on Gaza Amid Intensifying Conflict

Quiver Quantitative - Israeli troops and tanks have launched an intensified assault on Gaza's primary northern city, marking a significant escalation three days following the onset of a major ground offensive in the Palestinian region. Amidst this, international pleas for civilian safety amplify. The Israeli military disclosed that it has targeted over 600 militant sites as ground operations extend in the Gaza Strip, an area now facing acute shortages of essentials like fuel, food, and potable water. Concurrently, militants report countering Israeli tank advances into Gaza City and affirm their commitment to continue the fight, stating it's not yet time for a truce.

The backdrop of this heightened aggression highlights the strategic intricacies of the region. Israel's repeated alerts for citizens in the northern territories to relocate further south insinuates a broader military strategy targeting Hamas militants believed to be operating from a complex network of tunnels under Gaza City. However, many residents remain, fearing displacement and further Israeli bombings in the south. Notably, on Monday, a surge in air raids on the city's east was observed, with online posts indicating tank movements on significant city thoroughfares. Subsequent reports suggest a retreat of these tanks towards Gaza's fortified boundaries, following potent mortar fire by militant groups.

On the civilian front, the situation remains grim. Palestinian health officials announced that Monday's air strikes occurred perilously close to three major hospitals in Gaza City. The U.N. humanitarian agency, OCHA, cited that an estimated 117,000 civilians are currently seeking refuge in hospitals. While Israel alleges Hamas' proximity to these hospitals for strategic reasons—a claim Hamas denies—air raids persist in neighboring southern towns. The ongoing conflict also echoes in the Israeli-occupied West Bank city of Jenin, where clashes resulted in several casualties on Monday.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads.

The broader geopolitical implications of the Israeli-Palestinian conflict have manifested in various forms globally. Pro-Palestinian demonstrations are surging worldwide, paralleled by a rise in antisemitic and Islamophobic incidents. In a distinct event, Russian authorities intervened at an airport in the Muslim-majority Dagestan region, following an anti-Israel protest targeting Jewish passengers from a plane arriving from Israel. As the violence in Gaza intensifies, global calls demanding a "humanitarian pause" to permit aid access resonate louder.

This article was originally published on Quiver Quantitative

Which stock should you buy in your very next trade?

AI computing powers are changing the stock market. Investing.com's ProPicks AI includes 6 winning stock portfolios chosen by our advanced AI. In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. Which stock will be the next to soar?

Unlock ProPicks AI

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.