Israel has come under the worst attack it's seen in decades. Prime Minister Netanyahu has bowed to crush the enemy and that is the Hamas rulers of the Gaza Strip and raise them to ruins. Now the Israeli military has already announced a total siege of the Gaza Strip. Over 300,000 Israeli reservists have also been called up hinting at a possible full-blown invasion of Gaza.

Israel-Palestine war: Hamas claims over 100 hostages, including Israeli soldiers

Israel is at war with Hamas and more than 1,100 people have been killed on both sides since the war broke out on Saturday after Hamas reign thousands of rockets on Israel in a surprise pre-drawn attack from Gaza. Lately, the Israeli leadership have cautioned the nation for a long difficult War. To know more watch this interview with the Professor of Middlebury Institute of International Studies, Dr Avner Cohen.

Israel Hamas War | Israel defence minister: We'll change the face of reality of Gaza

Israel is at war with Hamas and more than 1,100 people have been killed on both sides since the war broke out on Saturday after Hamas reign thousands of rockets on Israel in a surprise pre-drawn attack from Gaza. Lately, the Israeli leadership have cautioned the nation for a long difficult War.

Israel Hamas War: Fatalities continue to mount in Israel-Hamas war

Hamas militants broke through barriers around Gaza and roamed at will killing scores of civilians in Israeli towns. More than 600 Israelis were killed and over 2,000 wounded an unprecedented number of Israeli victims in a single day analysts are flagging intelligence gaps that undermined what was thought to be an aggressive and successful approach towards Gaza by Israel.

Israel-Hamas war: Israel's aggressive and successful layered approach undermined?

<p>Supporters of both Israel and Palestine came face to face in New York's Times Square on Sunday (Oct 8), reacting to the ongoing conflict in Israel triggered by an unexpected attack by the Palestinian group Hamas on Saturday, October 7.</p>

<p>Videos circulating on social media depict pro-Israel protesters chanting slogans such as 'Shame on you' while pointing accusatory fingers at Palestine supporters. In response, supporters of Palestine countered with shouts of 'Resistance is justified.'</p>

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<p dir="ltr" lang="en">Reporting from Times Square <a href="https://t.co/itOGjZG9MT">pic.twitter.com/itOGjZG9MT</a></p>
— Stuart Meissner (@StuartMeissner) <a href="https://twitter.com/StuartMeissner/status/1711073432983490935?ref_src=twsrc%5Etfw">October 8, 2023</a></blockquote>
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<p dir="ltr" lang="en">Hamas supporters gather at Times Square in New York 🇺🇸City to celebrate y-day's attack against Israel<br />
"Resistance is justified," - they shout<a href="https://twitter.com/hashtag/GazaUnderAttack?src=hash&amp;ref_src=twsrc%5Etfw">#GazaUnderAttack</a> <a href="https://twitter.com/hashtag/hamasattack?src=hash&amp;ref_src=twsrc%5Etfw">#hamasattack</a> <a href="https://twitter.com/hashtag/Gaza?src=hash&amp;ref_src=twsrc%5Etfw">#Gaza</a> <a href="https://twitter.com/hashtag/FreePalastine?src=hash&amp;ref_src=twsrc%5Etfw">#FreePalastine</a> <a href="https://twitter.com/hashtag/Israel?src=hash&amp;ref_src=twsrc%5Etfw">#Israel</a> <a href="https://twitter.com/hashtag/IsraelPalestineWar?src=hash&amp;ref_src=twsrc%5Etfw">#IsraelPalestineWar</a> <a href="https://twitter.com/hashtag/Palestina?src=hash&amp;ref_src=twsrc%5Etfw">#Palestina</a> <a href="https://twitter.com/hashtag/%D8%B7%D9%88%D9%81%D8%A7%D9%86_%D8%A7%D9%84%D8%A3%D9%82%D8%B5%D9%89?src=hash&amp;ref_src=twsrc%5Etfw">#طوفان_الأقصى</a> <a href="https://twitter.com/hashtag/%E0%B9%80%E0%B8%81%E0%B9%8B%E0%B9%84%E0%B8%81%E0%B9%8B?src=hash&amp;ref_src=twsrc%5Etfw">#เก๋ไก๋</a><br />
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— Naseemian (@Naseemiann) <a href="https://twitter.com/Naseemiann/status/1711083067916603820?ref_src=twsrc%5Etfw">October 8, 2023</a></blockquote>
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<p>The protest was organised by the New York chapter of the Democratic Socialists, who stated that it was held in solidarity with the Palestinian people and their right to resist 75 years of occupation and apartheid.</p>

<p><strong>Also read |&nbsp;</strong><a href="https://www.wionews.com/world/after-brutal-hamas-attack-israeli-rescue-service-retrieve-260-bodies-from-music-festival-644281">After brutal Hamas attack, Israeli rescue service retrieves 260 bodies from music festival</a></p>

<p>During the rally, those supporting Israel strongly condemned the air and ground attacks that had occurred early on Saturday, October 7, actions that prompted Israel to declare war. They expressed deep concern for their family members and individuals from various countries who had become entangled in the violence.</p>

<h2><strong>How did the Hamas attack Israel?</strong></h2>

<p>On Saturday, a major and unexpected assault by Gaza militants targeted Israel, resulting in the death&nbsp;of hundreds of Israelis. This devastating attack triggered a series of lethal Israeli airstrikes, and&nbsp;on Sunday, an official declaration of war.</p>

<p>In a video message, Israeli Prime Minister Benjamin Netanyahu stated, "Citizens of Israel, we are now in a state of war – not merely an operation or a round of hostilities – but a full-scale war." This declaration followed a multi-pronged and unprecedented attack by the militant group Hamas, which controls Gaza, involving rocket barrages and incursions into Israel in this long-running conflict.</p>

<p>The casualties have exceeded a thousand, with over 700 Israelis losing their lives in the Hamas assault and more than 400 Palestinians perishing as Israel intensified its airstrikes on Gaza.</p>

<p><strong>Also watch |&nbsp;Devastating Hamas attack leave top leaders set aside differences</strong></p>

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<p>In response to the attack, Israel initiated "Operation Swords of Iron," targeting multiple locations in the Gaza Strip. Netanyahu emphasised that Israel's response to the Hamas incursion would exact a significant cost from the group.</p>

<p>As Israeli military operations continued to focus on Hamas, the IDF urged Gaza's civilians to immediately vacate their residential areas for their safety.</p>

<p>Inside Gaza, the sounds of Israeli warplanes were followed by deafening explosions and plumes of thick, black smoke.</p>

<p>According to the Palestinian Ministry of Health in Gaza, at least 313 individuals were killed within a 24-hour period, including at least 20 children, with an additional 1,990 people sustaining injuries.</p>

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Supporters of both Israel and Palestine came face to face in New York's Times Square on Sunday (Oct 8), reacting to the ongoing conflict in Israel triggered by an unexpected attack by the Palestinian group Hamas on Saturday, October 7.

Supporters of both Israel and Palestine came face to face in New York's Times Square on Sunday (Oct 8), reacting to the ongoing conflict in Israel triggered by an unexpected attack by the Palestinian group Hamas on Saturday, October 7. Videos circulating on social media depict pro-Israel protesters chanting slogans such as 'Shame on you' while pointing accusatory fingers at Palestine supporters. In response, supporters of Palestine countered with shouts of 'Resistance is justified.' Reporting from Times Square pic.twitter.com/itOGjZG9MT — Stuart Meissner (@StuartMeissner) October 8, 2023 × Hamas supporters gather at Times Square in New York 🇺🇸City to celebrate y-day's attack against Israel "Resistance is justified," - they shout#GazaUnderAttack #hamasattack #Gaza #FreePalastine #Israel #IsraelPalestineWar #Palestina #طوفان_الأقصى #เก๋ไก๋ pic.twitter.com/eC8se0paQH — Naseemian (@Naseemiann) October 8, 2023 × The protest was organised by the New York chapter of the Democratic Socialists, who stated that it was held in solidarity with the Palestinian people and their right to resist 75 years of occupation and apartheid. Also read | After brutal Hamas attack, Israeli rescue service retrieves 260 bodies from music festival During the rally, those supporting Israel strongly condemned the air and ground attacks that had occurred early on Saturday, October 7, actions that prompted Israel to declare war. They expressed deep concern for their family members and individuals from various countries who had become entangled in the violence. How did the Hamas attack Israel? On Saturday, a major and unexpected assault by Gaza militants targeted Israel, resulting in the death of hundreds of Israelis. This devastating attack triggered a series of lethal Israeli airstrikes, and on Sunday, an official declaration of war. In a video message, Israeli Prime Minister Benjamin Netanyahu stated, "Citizens of Israel, we are now in a state of war – not merely an operation or a round of hostilities – but a full-scale war." This declaration followed a multi-pronged and unprecedented attack by the militant group Hamas, which controls Gaza, involving rocket barrages and incursions into Israel in this long-running conflict. The casualties have exceeded a thousand, with over 700 Israelis losing their lives in the Hamas assault and more than 400 Palestinians perishing as Israel intensified its airstrikes on Gaza. Also watch | Devastating Hamas attack leave top leaders set aside differences In response to the attack, Israel initiated "Operation Swords of Iron," targeting multiple locations in the Gaza Strip. Netanyahu emphasised that Israel's response to the Hamas incursion would exact a significant cost from the group. As Israeli military operations continued to focus on Hamas, the IDF urged Gaza's civilians to immediately vacate their residential areas for their safety. Inside Gaza, the sounds of Israeli warplanes were followed by deafening explosions and plumes of thick, black smoke. According to the Palestinian Ministry of Health in Gaza, at least 313 individuals were killed within a 24-hour period, including at least 20 children, with an additional 1,990 people sustaining injuries. WATCH WION LIVE HERE:

Israel, Palestine supporters clash in Times Square amid Hamas attack | Watch

In this war between Israel and Hamas over 700 people have lost their lives in Israel after the brutal Hamas attack. While at least 400 have died in Israel's retaliatory strikes in Gaza as the casualties rise the cost of war is also going up our next report will get you a complete picture.

Israel-Hamas conflict: Israel vows 'mighty vengeance after surprise attack

The capture of dozens of Israeli soldiers and civilians by Hamas militants has stirred Israeli emotions more viscerally than any crisis in the country's recent memory. Setting aside their differences between top Israeli leaders have discussed the possibility of forming an emergency National Unity government.

Israel-Hamas war: Capture of soldiers and civilians stirs Israeli emotions viscerally

<p>The ongoing war in Israel, marked by devastation and loss of life, has reverberated far beyond the conflict zone. Nations around the world have been compelled to take measures to ensure the safety of their citizens and prevent potential unrest. Here is a glimpse of how the war has affected global security.</p>

<h2><strong>United States</strong></h2>

<p>In response to a Palestinian solidarity rally in Manhattan, US&nbsp;cities like New York, Los Angeles, Miami, and Houston intensified security measures around synagogues. A thousand demonstrators expressed solidarity with Palestinians while a smaller group of pro-Israel protesters countered their efforts, reported Reuters.</p>

<p>New York Governor Kathy Hochul condemned the Palestinian rally and directed landmarks like the World Trade Centre&nbsp;and Niagara Falls to be illuminated in the blue and white colours of the Israeli flag.</p>

<p><strong>Also read |&nbsp;</strong><a href="https://www.wionews.com/world/israel-vs-hamas-war-several-foreign-nationals-killed-abducted-amid-attacks-in-israel-644261">Israel vs Hamas war: Several foreign nationals killed, abducted amid attacks on Israel</a></p>

<h2><strong>United Kingdom</strong></h2>

<p>London's Scotland Yard increased patrols throughout the city due to social media-related incidents linked to the Israel-Palestine conflict. The Metropolitan Police denounced the glorification of Hamas's activities and warned against hate crimes, especially following one of the region's most significant escalations in decades.</p>

<h2><strong>France</strong></h2>

<p>Security was bolstered at synagogues in Paris, Marseille, Lyon, and Strasbourg in anticipation of religious holidays and concerns that the conflict could spill over into France. With the largest Jewish population in Europe, approximately 500,000 people, French authorities aimed to ensure the safety of Jewish temples and schools. A pro-Palestinian rally scheduled for Lyon was banned to prevent potential public disorder.</p>

<h2><strong>Germany</strong></h2>

<p>Germany increased police security at Jewish and Israeli institutions, responding to Palestinian supporters celebrating the attack in Berlin's streets. Authorities closely monitored potential Hamas supporters in Islamist circles. Interior Minister Nancy Faeser emphasised the immediate reinforcement of police protection in Berlin, stressing the coordination between federal and regional authorities.</p>

<h2><strong>Canada</strong></h2>

<p>In Montreal, thousands rallied in support of the Palestinian people, advocating for a free Palestine and boycotting Israel. The Canadian police heightened security around sensitive areas, particularly synagogues. Ottawa Police expressed their commitment to supporting the community and investigating hate crimes rigorously.</p>

<p><strong>Also watch |&nbsp;Casualties rise on both sides as Israel-Hamas war rages on</strong></p>

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<h2><strong>Middle East</strong></h2>

<p>In Iran, large crowds gathered in major cities, expressing support for Hamas's offensive in Palestine Square in Tehran. Billboards in the capital proclaimed the "great liberation operation." In Lebanon, Hezbollah held a rally in Beirut to back Hamas, with participants chanting "Death to Israel" and claiming to fire on Israeli positions in the Shebaa Farms area. In Iraq, pro-Palestinian protests erupted, with demonstrators burning Israeli flags and chanting anti-American slogans, further illustrating the global impact of the Israel-Hamas conflict.</p>

<p>(With inputs from agencies)</p>

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The ongoing war in Israel, marked by devastation and loss of life, has reverberated far beyond the conflict zone. Nations around the world have been compelled to take measures to ensure the safety of their citizens and prevent potential unrest.

The ongoing war in Israel, marked by devastation and loss of life, has reverberated far beyond the conflict zone. Nations around the world have been compelled to take measures to ensure the safety of their citizens and prevent potential unrest. Here is a glimpse of how the war has affected global security. United States In response to a Palestinian solidarity rally in Manhattan, US cities like New York, Los Angeles, Miami, and Houston intensified security measures around synagogues. A thousand demonstrators expressed solidarity with Palestinians while a smaller group of pro-Israel protesters countered their efforts, reported Reuters. New York Governor Kathy Hochul condemned the Palestinian rally and directed landmarks like the World Trade Centre and Niagara Falls to be illuminated in the blue and white colours of the Israeli flag. Also read | Israel vs Hamas war: Several foreign nationals killed, abducted amid attacks on Israel United Kingdom London's Scotland Yard increased patrols throughout the city due to social media-related incidents linked to the Israel-Palestine conflict. The Metropolitan Police denounced the glorification of Hamas's activities and warned against hate crimes, especially following one of the region's most significant escalations in decades. France Security was bolstered at synagogues in Paris, Marseille, Lyon, and Strasbourg in anticipation of religious holidays and concerns that the conflict could spill over into France. With the largest Jewish population in Europe, approximately 500,000 people, French authorities aimed to ensure the safety of Jewish temples and schools. A pro-Palestinian rally scheduled for Lyon was banned to prevent potential public disorder. Germany Germany increased police security at Jewish and Israeli institutions, responding to Palestinian supporters celebrating the attack in Berlin's streets. Authorities closely monitored potential Hamas supporters in Islamist circles. Interior Minister Nancy Faeser emphasised the immediate reinforcement of police protection in Berlin, stressing the coordination between federal and regional authorities. Canada In Montreal, thousands rallied in support of the Palestinian people, advocating for a free Palestine and boycotting Israel. The Canadian police heightened security around sensitive areas, particularly synagogues. Ottawa Police expressed their commitment to supporting the community and investigating hate crimes rigorously. Also watch | Casualties rise on both sides as Israel-Hamas war rages on Middle East In Iran, large crowds gathered in major cities, expressing support for Hamas's offensive in Palestine Square in Tehran. Billboards in the capital proclaimed the "great liberation operation." In Lebanon, Hezbollah held a rally in Beirut to back Hamas, with participants chanting "Death to Israel" and claiming to fire on Israeli positions in the Shebaa Farms area. In Iraq, pro-Palestinian protests erupted, with demonstrators burning Israeli flags and chanting anti-American slogans, further illustrating the global impact of the Israel-Hamas conflict. (With inputs from agencies) WATCH WION LIVE HERE:

Global security beefed up as Israel-Hamas war reverberates worldwide

Over 700 people have lost their lives in Israel after the brutal Hamas attack while at least 400 have died in Israel's retaliatory strikes in Gaza. As the casualties rise the cost of war is also going up our next report gets you a complete picture.

Israel-Palestine Conflict | Hamas rocket attack injures Indian woman in Ashkelon: Reports

Israel-Palestine Conflict: What is Israel's Iron Dome, how does it intercept rockets?

<p>Amid the ongoing Hamas-Israel strife, an Indian caregiver named&nbsp;Sheeja Anand, a 40-year-old woman from Payyaviir in Kerala's Kannur, found herself caught in the crossfire in Ashkelon.&nbsp;Sheeja, who had been working as a caregiver for an elderly patient, suffered injuries when a rocket struck the house where she was providing care on Saturday afternoon&nbsp;(Oct 7), reported the Times of India.&nbsp;</p>

<p>She sustained injuries during the rocket attack&nbsp;which left her family in Kerala frantic and unable to immediately contact her. Their distress continued until they managed to get in touch with her colleagues in Israel, who confirmed her condition.&nbsp;</p>

<h2><strong>Indian government's&nbsp;response and evacuation efforts</strong></h2>

<p>Union Minister of State for External Affairs, Meenakshi Lekhi, assured the public that the Prime Minister's Office is actively monitoring the situation in Israel.</p>

<p>The Indian government is diligently working to bring back stranded Indians, who are facing increasing uncertainty and hardship. Videos posted by some Indians in Israel appealing for evacuation have underscored the urgency of the situation.</p>

<p>Lekhi emphasised that the government has a history of successfully evacuating Indian citizens during crises, referring to previous operations like Operation Ganga and Vande Bharat.</p>

<p>She expressed confidence that the government, along with the Prime Minister's Office, is directly coordinating with those affected and closely monitoring the situation.</p>

<p><strong>Also read |</strong>&nbsp;<a href="https://www.wionews.com/world/hamas-condemns-united-states-move-to-deploy-ships-closer-to-israel-as-aggression-against-palestinians-644265">Hamas condemns United States' move to deploy ships closer to Israel as 'aggression' against Palestinians</a></p>

<h2><strong>Indian presence in Israel</strong></h2>

<p>Israel is home to a diverse Indian community, comprising caregivers, students, IT professionals, and diamond traders. While no Indian nationals have been reported as hostages or casualties of the ongoing conflict, the Indian Embassy in Tel Aviv has received numerous requests for assistance in facilitating safe exits.</p>

<p>The escalating conflict has disrupted air travel to and from Israel, causing a rush of people trying to leave the war-torn zone. Air India has announced the cancellation of all flights to and from Tel Aviv until October 14. The airline has already evacuated its crew members and other employees from Israel via Egypt.</p>

<p><strong>Also watch |&nbsp;Israeli defence minister instructs officials to defend citizens</strong></p>

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<p>Despite the challenges, efforts by the Ministry of External Affairs and the Indian mission have borne fruit. Chief Minister Conrad Sangma of Meghalaya confirmed that 27 citizens from Meghalaya, who were stranded in the conflict zone, have safely crossed the border into Egypt. Indian actress Nushrratt Bharuccha, trapped in Israel due to a film promotion event, also managed to return to Mumbai.</p>

<p>Israel's Ambassador to India, Naor Gilon, clarified that Israel does not request foreign nationals to volunteer in its defence. Some Indians had expressed a desire to volunteer to fight against Hamas, but Gilon said&nbsp;that Israel prefers to handle its security matters independently.</p>

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Amid the ongoing Hamas-Israel strife, an Indian caregiver named Sheeja Anand, a 40-year-old woman from Payyaviir in Kerala's Kannur, found herself caught in the crossfire in Ashkelon.

Amid the ongoing Hamas-Israel strife, an Indian caregiver named Sheeja Anand, a 40-year-old woman from Payyaviir in Kerala's Kannur, found herself caught in the crossfire in Ashkelon. Sheeja, who had been working as a caregiver for an elderly patient, suffered injuries when a rocket struck the house where she was providing care on Saturday afternoon (Oct 7), reported the Times of India. She sustained injuries during the rocket attack which left her family in Kerala frantic and unable to immediately contact her. Their distress continued until they managed to get in touch with her colleagues in Israel, who confirmed her condition. Indian government's response and evacuation efforts Union Minister of State for External Affairs, Meenakshi Lekhi, assured the public that the Prime Minister's Office is actively monitoring the situation in Israel. The Indian government is diligently working to bring back stranded Indians, who are facing increasing uncertainty and hardship. Videos posted by some Indians in Israel appealing for evacuation have underscored the urgency of the situation. Lekhi emphasised that the government has a history of successfully evacuating Indian citizens during crises, referring to previous operations like Operation Ganga and Vande Bharat. She expressed confidence that the government, along with the Prime Minister's Office, is directly coordinating with those affected and closely monitoring the situation. Also read | Hamas condemns United States' move to deploy ships closer to Israel as 'aggression' against Palestinians Indian presence in Israel Israel is home to a diverse Indian community, comprising caregivers, students, IT professionals, and diamond traders. While no Indian nationals have been reported as hostages or casualties of the ongoing conflict, the Indian Embassy in Tel Aviv has received numerous requests for assistance in facilitating safe exits. The escalating conflict has disrupted air travel to and from Israel, causing a rush of people trying to leave the war-torn zone. Air India has announced the cancellation of all flights to and from Tel Aviv until October 14. The airline has already evacuated its crew members and other employees from Israel via Egypt. Also watch | Israeli defence minister instructs officials to defend citizens Despite the challenges, efforts by the Ministry of External Affairs and the Indian mission have borne fruit. Chief Minister Conrad Sangma of Meghalaya confirmed that 27 citizens from Meghalaya, who were stranded in the conflict zone, have safely crossed the border into Egypt. Indian actress Nushrratt Bharuccha, trapped in Israel due to a film promotion event, also managed to return to Mumbai. Israel's Ambassador to India, Naor Gilon, clarified that Israel does not request foreign nationals to volunteer in its defence. Some Indians had expressed a desire to volunteer to fight against Hamas, but Gilon said that Israel prefers to handle its security matters independently. WATCH WION LIVE HERE:

Hamas attack: Indian caregiver injured by rocket strike in Israel amid evacuation efforts

Israel-Palestine Conflict: Netanyahu warns of a 'long and difficult war'

The UN Secretary-General condemned “in the strongest terms” the attack by Hamas against Israeli towns, UN Spokesperson Stéphane Dujarric said. After the Palestinian militant organization Hamas launched an unexpected attack on Israel on Saturday, Israel ordered its state-run electrical business to stop supplying power to the Gaza Strip, according to the energy minister.

Israel-Palestine war: UN Chief strongly condemn deadly attacks in Israel

Israel-Palestine Conflict: Civilians and soldiers kidnapped in terror attack by Hamas

The UN Secretary-General condemned the attack by Hamas against Israeli towns, UN Spokesperson Stéphane Dujarric said. After the Palestinian militant organization Hamas launched an unexpected attack on Israel on Saturday, Israel ordered its state-run electrical business to stop supplying power to the Gaza Strip, according to the energy minister.

Israel-Palestine war: West does not talk about reasons of the war: Arab league chief

Global markets are on the edge as the Israel-Palestine conflict rages on. Experts believe that this could mean a possible revival for safe-haven assets & US. Treasuries. But will the war disrupt the already volatile oil industry landscape? Oil prices surged 4% on Monday and are expected to rise even further amid potential supply shocks.

Israel-Palestine conflict: Impact of ‘war’ on global markets

Israel-Hamas conflict | Israeli defence minister: War to change reality for generations

<p>With the backdrop of an unexpected attack by Hamas on Israel, global financial markets are facing heightened uncertainty, with concerns over inflation and geopolitical risk taking centre stage. As markets react to the unfolding crisis, analysts weigh in on potential impacts and outcomes, Bloomberg reported.</p>

<p>The ensuing conflict, coupled with a surge in crude oil prices, has sent shockwaves through markets already grappling with rising interest rates and inflation concerns.</p>

<p>As tensions escalated, safe-haven currencies like the yen and the dollar strengthened in the early days of the trading week. Norway's krone also saw gains, benefiting from the surge in oil prices. Meanwhile, US stock futures dipped 0.7 per cent, and Asian markets displayed mixed performance. Notably, Middle Eastern equity markets experienced a significant decline, with Israel's benchmark TA-35 stock index witnessing its largest loss in over three years.</p>

<p>Bond traders now face a critical decision: whether to seek refuge in the safety of the dollar, forsaking higher-yield debt, or to brace for the potential impact of increased inflation. While Treasury futures gained ground at the start of the week, cash Treasuries remained closed due to a US holiday.</p>

<p>Bloomberg quoted Ed Yardeni, President of Yardeni Research Inc. As saying, "Geopolitical crises in the Middle East have usually caused oil prices to rise and stock prices to fall. Much will depend on whether the crisis turns out to be another short-term flare-up or something much bigger like a war between Israel and Iran."</p>

<p><strong>Insights from analysts</strong></p>

<p>The report by Bloomberg also cited multiple analysts. Among them, here’s what three of the analysts had to say:</p>

<p>Gonzalo Lardies, Senior Equities Fund Manager at Andbank, mentioned that the situation would introduce increased uncertainty to the markets. He noted that inflation and growth would recede, with geopolitical risk becoming the focal point. He suggested the possibility of a surge in volatility, and he believed that short-term fixed income could once again become a safe haven, while cyclical sectors would come under the spotlight.</p>

<p>Guillermo Santos, Head of Strategy at iCapital, cautioned that the consequences would not be significantly negative for financial markets as long as the conflict remained limited to Palestinians and Israelis. He expressed concern that any expansion of the conflict to oil-producing countries might result in higher crude oil prices, negative inflationary effects for the West, and declining stock markets, potentially leading to a recession.</p>

<p>Alfonso Benito, Chief Investment Officer at Dunas Capital, offered a more optimistic viewpoint, stating that he did not anticipate the situation to have a substantial impact on markets. He acknowledged the longstanding and distressing nature of the situation but believed that, aside from short-term volatility, it would not exert a major influence.</p>

<p><em>(With inputs from Bloomberg)</em></p>

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With the backdrop of an unexpected attack by Hamas on Israel, global financial markets are facing heightened uncertainty, with concerns over inflation and geopolitical risk taking centre stage.

With the backdrop of an unexpected attack by Hamas on Israel, global financial markets are facing heightened uncertainty, with concerns over inflation and geopolitical risk taking centre stage. As markets react to the unfolding crisis, analysts weigh in on potential impacts and outcomes, Bloomberg reported. The ensuing conflict, coupled with a surge in crude oil prices, has sent shockwaves through markets already grappling with rising interest rates and inflation concerns. As tensions escalated, safe-haven currencies like the yen and the dollar strengthened in the early days of the trading week. Norway's krone also saw gains, benefiting from the surge in oil prices. Meanwhile, US stock futures dipped 0.7 per cent, and Asian markets displayed mixed performance. Notably, Middle Eastern equity markets experienced a significant decline, with Israel's benchmark TA-35 stock index witnessing its largest loss in over three years. Bond traders now face a critical decision: whether to seek refuge in the safety of the dollar, forsaking higher-yield debt, or to brace for the potential impact of increased inflation. While Treasury futures gained ground at the start of the week, cash Treasuries remained closed due to a US holiday. Bloomberg quoted Ed Yardeni, President of Yardeni Research Inc. As saying, "Geopolitical crises in the Middle East have usually caused oil prices to rise and stock prices to fall. Much will depend on whether the crisis turns out to be another short-term flare-up or something much bigger like a war between Israel and Iran." Insights from analysts The report by Bloomberg also cited multiple analysts. Among them, here’s what three of the analysts had to say: Gonzalo Lardies, Senior Equities Fund Manager at Andbank, mentioned that the situation would introduce increased uncertainty to the markets. He noted that inflation and growth would recede, with geopolitical risk becoming the focal point. He suggested the possibility of a surge in volatility, and he believed that short-term fixed income could once again become a safe haven, while cyclical sectors would come under the spotlight. Guillermo Santos, Head of Strategy at iCapital, cautioned that the consequences would not be significantly negative for financial markets as long as the conflict remained limited to Palestinians and Israelis. He expressed concern that any expansion of the conflict to oil-producing countries might result in higher crude oil prices, negative inflationary effects for the West, and declining stock markets, potentially leading to a recession. Alfonso Benito, Chief Investment Officer at Dunas Capital, offered a more optimistic viewpoint, stating that he did not anticipate the situation to have a substantial impact on markets. He acknowledged the longstanding and distressing nature of the situation but believed that, aside from short-term volatility, it would not exert a major influence. (With inputs from Bloomberg) WATCH WION LIVE HERE

Middle East geopolitical crisis sends global markets into turmoil as oil prices rise

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