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.
SourceOf course the crisis will one way or the other try to affect the price of oil at the international market and the world economy at large.
more countries across the globe are still struggling to survive the economic shock that was caused by the Russia and Ukraine war, where it has caused shortage of supply of gas to Europe, the shortage of supply of grains and the general multiplier effects of inflation that is currently ravaging the world economy. It is an ugly situation globally at its stands now. Prime minister Benjamin netanyahu is making those vows because the situation has gone out of hand, more like the war has already started proper. I feel is not too late for all leaders across the world to continue to push for a ceasefire at this point in time, cuz you look at the economic impact and the humanitarian impact of some of this crisis the world economy cannot stress itself any longer.