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The Middle East is expecting strikes on the anniversary of the October 7 terror attacks.
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Israeli offensives have targeted several regions in the Middle East, including Gaza, Lebanon and Syria.
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Hezbollah said its rockets hit a military base south of Haifa in the first direct attack on the city.
The Middle East is on high alert for military attacks to coincide with the first anniversary of the war October 7 terrorist attacks on Israel.
On this day last year, Hamas militants launched a surprise attack on Israel in 22 different border communities, killing more than 1,200 people and taking 250 hostage, according to Israeli figures.
The Israeli response to the attacks was one of the deadliest in Gaza’s history. The country launched a series of airstrikes and a ground invasion of Gaza, killing 41,600 Palestinians in a year, the report said. Gaza Ministry of Health.
Commemorations were held across Israel on Monday to mark the anniversary. “We are still stuck on October 7, 2023, in an endless day of terror, fear, anger and despair,” said Yuval Baron, whose father-in-law Keith Siegel is a hostage in Gaza. Reuters.
According to ReutersSome Palestinians with entry permits for Israel were unable to enter the country on Monday.
Military spokesman Admiral Daniel Hagari said: “We stand ready with larger forces in anticipation of this day.”
In Iran, airports were temporarily closed on Sunday amid fears that Israel could attack infrastructure facilities in response to its rocket attacks last week.
Meanwhile, Hezbollah said on Monday its rockets hit a military base south of Haifa in the first direct attack on Israel’s third-largest city. Ten people were injured, according to Israeli media.
Fifteen more rockets were fired at the Israeli city of Tiberias on Monday, according to Israeli officials.
In the early hours of the anniversary of the attacks, the IDF posted on Telegram that five projectiles were fired from Gaza into Israel.
The Israeli military has also intensified its airstrikes on Gaza and Lebanon, including targets of Hezbollah intelligence services and a Hezbollah weapons storage facility in the Beirut area.
It said it had killed Khader Ali Tawil, a Hezbollah commander believed to be behind an attack on the Israeli town of Kfar Yuval in January.
Georgios Petropoulos, head of the UN Humanitarian Affairs Sub-Office (UNOCHA) in Gaza, said CNN that he was awakened on Monday by new bombings here in Rafah, Gaza.
“The only thing left in Gaza is hope. Our supplies are almost zero.”
Since Hamas invaded last year, Israel has stepped up attacks on Gaza, Yemen, Syria and Lebanon. It also vowed to attack Iran in response to an attack ballistic missile attack on Israel last week.
Israel’s escalating offensive against Lebanon has left 2,000 dead, according to the Lebanese Health Ministry. The BBC estimated approx one million people have been displaced in response to the attacks.
There are fears that the conflict could escalate into a full-blown war in the Middle East. That could be possible stifle global economic growth and reignite inflation.
According to Reutersthe Bank of Israel estimated in May that costs from the war would amount to about $66 billion through the end of next year – equivalent to about 12% of Israel’s GDP.
With oil prices rising, the industrial recession the US economy is experiencing could turn into a full-blown downturn.
“The rising oil prices, the energy prices that have spiked in the past, have been enough to tip the economy from a slowdown to a recession,” Jake Oubina, an economist at Piper Sandler, said in an interview last week with Fox Business.
In June, said the IMF that the long-term economic impact of conflict on real GDP per capita in the Middle East would be particularly severe.
Middle Eastern countries could experience a decline in real GDP per capita of roughly 10% a decade after the start of the conflict, compared to pre-conflict levels.
Read the original article Business insider