If only the attacks carried out by Hamas against Israel could lead to total war. Maybe this will have an impact on the global economy. Because until now the conflict between Israel and Palestine has not reached the stage of total war. So there is no significant impact from the feud between the two countries. Because Israel's colonization of Palestine was carried out very slowly and did not immediately colonize Palestine completely. I don't know what the reason is, but what is certain is that there is something we don't know about this. Because if you look at the military strength that Israel has and compare it with the military strength that Palestine has, the difference in military strength between the two countries is very large.

Year 2023
Source: https://www.google.com/amp/s/www.detik.com/sulsel/berita/d-6503707/100-ranking-militer-dunia-2023-indonesia-urutan-berapa/amp

It be seen that Israel military strength is currently ranked 18th in the world.
So in essence, if you look at its military strength, Israel can actually control the Palestinian state in total. The reason is that the military strength possessed by Palestine is not comparable to that of Israel. But perhaps for some reason Israel did not do that.

And the conclusion that I can draw from the Israeli and Palestinian conflict is that it can indeed affect the state of the global economy. However, this depends on the scale of the war taking place in the two countries.