PM: IDF deepening maneuver on outskirts of Gaza City and inside

PM: IDF deepening maneuver on outskirts of Gaza City and inside

Israel's military, the Israel Defense Forces (IDF), has intensified its operations in Gaza City, marking a significant escalation in the ongoing conflict. The move follows a series of clashes and a call-up of tens of thousands of reservists, signaling a shift in the military strategy aimed at seizing control of Gaza City, a key stronghold of Hamas [1].

The IDF, under the leadership of Prime Minister Benjamin Netanyahu, has been expanding its operations to deepen the assault on Hamas in Gaza City. According to Brigadier-General Effie Defrin, the military spokesman, the IDF has already taken control of the outskirts of Gaza City and is preparing for further incursions into the city itself [1].

The decision to deepen the military operation in Gaza City comes despite international criticism and concerns about potential mass displacement of Palestinians. Netanyahu's office has announced that the timeline for taking control of Hamas strongholds has been accelerated, aiming to defeat the militant group that triggered the conflict with an attack on Israel in October 2023 [1].

The IDF has also called for the evacuation of residents from certain areas of Gaza City, citing the presence of Hamas terrorist infrastructure. The IDF has designated a humanitarian area in Khan Younis, in the south, to accommodate displaced residents [2].

The move has drawn strong criticism from the international community. U.K. Prime Minister Keir Starmer and Canadian Prime Minister Mark Carney have both condemned the escalation, arguing that it will do nothing to bring an end to the conflict or secure the release of the hostages [2].

Despite the criticism, Netanyahu faces pressure from far-right members of his coalition to reject a temporary ceasefire and continue the war. One such member, Finance Minister Bezalel Smotrich, has announced plans for a settlement project in the occupied West Bank, which he claims will erase any prospect of a Palestinian state [1].

The conflict in Gaza began on October 7, 2023, with gunmen led by Hamas attacking southern Israeli communities near the border. The war has resulted in widespread devastation, with more than 62,000 Palestinians killed and many buildings, including homes, schools, and mosques, destroyed [1].

The IDF's deepening maneuver in Gaza City marks a critical juncture in the ongoing conflict. The military operation is likely to have significant economic and political implications for both Israel and the Palestinian territories. Investors and financial professionals should closely monitor the situation for potential impacts on regional stability and economic activity.

References:
[1] https://www.straitstimes.com/world/middle-east/israel-says-it-has-taken-first-steps-of-military-operation-in-gaza-city
[2] https://www.foxnews.com/world/israel-warns-imminent-attack-gaza-city-urges-residents-flee