Averting a regionwide conflagration in the Middle East
EXACTLY a year ago on this day, Hamas fighters crossed into Israel from Gaza, attacking border communities and going on a carnage that killed almost 1,500 people, including several Filipinos working for Israeli families.Just days later, Israeli forces swarmed into Gaza to exact revenge. Fiercely determined to root out Hamas, Israel leveled entire neighborhoods, devastated the economy of the Palestinian enclave, and triggered a humanitarian crisis that continues to this day.
The mere mention of such a strike was enough to send the price of crude soaring 9.1 percent last week — the biggest weekly surge since March 2023.Biden may have dissuaded Netanyahu from targeting Iran's oil resources, but he has given his imprimatur on the Israeli leader's other strategic decisions, specifically ordering airstrikes and ground assaults in Lebanon.Lebanon is looming as another Gaza. More than 1,500 people have been killed, and about 1 million have been displaced.
Regionwide Conflagration In The Middle East
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