Israeli artillery strikes areas in northeast Gaza City, Palestinian media say

Israeli artillery strikes areas in northeast Gaza City, Palestinian media say

Israeli Artillery Strikes Northeast Gaza City Amid Ongoing Conflict

Israeli military forces conducted artillery strikes and airstrikes on neighborhoods in northeast Gaza City, including Zaytoun and Shujaiya, on February 22, 2026, according to eyewitness accounts and Palestinian media reports. The attacks occurred despite an ongoing ceasefire that took effect on October 10, 2025, raising concerns about escalating hostilities in the region. No immediate reports of casualties were confirmed, though the strikes added to the destruction of civilian infrastructure already devastated by a two-year Israeli military campaign.

The Israeli military maintains control over more than 50% of Gaza, including southern and eastern buffer zones, as part of its occupation since October 2023. The prolonged conflict has had severe economic repercussions, with over 90% of Gaza's civilian infrastructure destroyed and more than 2.4 million Palestinians living under stringent restrictions on essential supplies such as food, medical aid, and construction materials. Since the ceasefire began, Israeli operations have killed 483 Palestinians and injured 1,287 others, further straining the enclave's economy.

The broader conflict, which began on October 8, 2023, has resulted in over 71,000 Palestinian fatalities and 171,000 injuries, predominantly among women and children. Financial analysts and humanitarian organizations continue to highlight the region's dire need for international aid and reconstruction funding, though geopolitical tensions and security risks remain significant barriers to economic recovery.

For investors and financial stakeholders, the instability underscores the challenges of operating in conflict-affected markets, with long-term implications for regional trade, humanitarian aid allocation, and geopolitical risk assessments. Updates on ceasefire adherence and infrastructure rebuilding efforts will be critical for evaluating future economic prospects in Gaza.

Source: AA News