Israeli strikes in Gaza kill five including child: Civil Defence

Israeli airstrikes in Gaza have killed five people, including a child, according to the Civil Defence. This escalation in violence comes as a total of 13 people have been killed and about 60 wounded by Israeli fire and airstrikes in Gaza over the past 24 hours. The ongoing conflict has significant implications for the global economy, particularly for trade and markets in the Middle East region, as tensions between Israel and Palestine can lead to increased instability and volatility in the region.

Why it matters

The Israeli strikes in Gaza have resulted in civilian casualties, which could lead to increased tensions in the region. This escalation of violence may negatively impact investor sentiment and lead to a decrease in risk appetite.

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