The Israeli-Hamas war has sharpened focus on rising geopolitical risks for financial markets, as investors wait to see if the conflict draws in other countries with the potential to drive up oil prices further and deal a fresh blow to the world economy.
Israel's Prime Minister Benjamin Netanyahu vowed on Sunday to "demolish Hamas" as his military prepared ground operations in Gaza to root out the militant group, whose deadly rampage through Israeli border towns stunned the nation.
SourceIsrael and Hamas keeps fighting in the background for a long time and so Russia and Ukraine until now. Israel nor Hamas is not a major oil supplier of oil. Their tension too is not that massive since Israel is just dealing with the terrorist group that is now shielding against civilians. It’s a pretty one-sided war which is not that huge to create serious demand the world economy.
Unless big country will join to a proxy war then it’s really a one hell of a war that will shake the global economy.