Latest news from Palestine, Israel and the Gaza strip: Hamas fighters attacked Israeli territories, towns and even captured a military base with all the armored vehicles and arms. Hamas fired more than 2200 missiles and the legendary Iron Dome failed to protect Israel with many missiles getting through and exploding in the streets. Lots of people were kidnapped, some executed. The US seems to take the Israeli side of the conflict, whereas Russia seems to support Hamas.
Will this (re)emerging conflict fuel a new war and worsen the global economic situation?
In regards to the bolded part, once the spiritual defense or shield is weakened there is nothing much the physical defense can do. It's obvious the defense will be penetrated due to the hardened rebels within, pm unfairly worked against a vulnerable country that was protected like herself for allying with Russia and he sought support from the weak leadership in Babylon.
You think Russia is taking side in the conflict? I haven't seen that yet.
In regards to whether the conflict is will escalate the world's problems, it depends on how many countries/people wrongly participate in it