<p>It is now clear as to why Palestinian militants unleashed the deadliest attack in living memory upon Israel, killing hundreds of its citizens and provoking an outright war. The Palestinians launched thousands of rockets into Israeli territory and infiltrated terrorists into Israel on an unprecedented scale. Analysts agree that this provocation was because of the Abraham Accord, signed three years ago, which reset diplomatic ties between Israel and the United Arab Emirates and Bahrain. As a part of this agreement, the two Arab nations recognised Israel’s sovereignty and established full diplomatic engagements. Israel now has relations with Jordan, Egypt, and Morocco and has begun talks with the regional power Saudi Arabia. The Palestinians, specifically in the Gaza Strip, with the view to disrupting progress and peace in the Middle East, were keen to provoke a retaliatory response. Predictably, Israel has obliged.</p><p>These recent events have had an impact on Israel not dissimilar to the effect the 9/11 attacks had on America. Whilst the human cost of this conflict, which promises to continue in the weeks ahead, remains tragic, the rest of the world was shocked at how a total systems failure on Israel’s part could be allowed to happen. Israel’s sophisticated espionage machinery ensured that Tel Aviv would always receive a heads-up on any mischief or trouble that the Palestinians intended to brew. The launching of a major attack would have taken at least two years of planning. Israel actually believed that Hamas, a Palestinian militant organisation, was in recent times, focused on a long-term cease-fire where both sides benefitted from a live-and-let-live arrangement. Over twenty thousand Palestinians work in Israeli towns, generating income and tax revenues.</p><p>The secret dialogues between Saudi Arabia and Israel towards normalising relations have taken place under American pressure. Israel’s retaliatory attacks would now place the Saudis in a difficult position, as the Palestinians enjoy emotional support from the bulk of the Arab population. The deal between the Saudis and the Israelis was to pivot on the basis of explicit security guarantees provided to the Arabs by the United States. Going forward, it would take great courage on the part of Prince Mohammed Bin Salman, the de facto ruler of Saudi Arabia, to continue his engagement with Tel Aviv. Israel’s political leadership has limited good choices. Historical evidence would suggest an all-out ground attack by the Israeli defence forces, with air support would inflict serious damage on Gaza. Israel has, as a democratic country, traditionally been most cautious to avoid collateral damage in seeking the assassination of the Hamas leadership. They will probably drop these inhibitions during a full-scale invasion of Gaza. Whilst it is hard to predict how things will evolve, analysts suspect that in the weeks ahead, the intense fighting in densely populated areas within Gaza would lead to an international outcry against civilian causalities that would almost certainly be inflicted upon the Palestinians. Israel’s ammunition store consists of the most formidable weapons</p><p>Despite the political instability in Israel, it seems that the deep crisis will bring opposition parties into the government's line of thinking. In fact, the former Israeli Prime Minister and opposition leader Naftali Bennett, demonstrating his solidarity, dawned his military uniform, arriving for duty to join soldiers on the front lines. These developments in the Middle East and the ongoing conflict in Ukraine clearly suggest that the veneer of a peaceful world order is proving very thin. The inherent conflicts and squabbles that exist in different parts of the world, that have until now simmered under the surface, will blow up. This is an important point for business managers to keep in mind. Financial Markets and commodity prices would remain volatile.</p>
<p>It is now clear as to why Palestinian militants unleashed the deadliest attack in living memory upon Israel, killing hundreds of its citizens and provoking an outright war. The Palestinians launched thousands of rockets into Israeli territory and infiltrated terrorists into Israel on an unprecedented scale. Analysts agree that this provocation was because of the Abraham Accord, signed three years ago, which reset diplomatic ties between Israel and the United Arab Emirates and Bahrain. As a part of this agreement, the two Arab nations recognised Israel’s sovereignty and established full diplomatic engagements. Israel now has relations with Jordan, Egypt, and Morocco and has begun talks with the regional power Saudi Arabia. The Palestinians, specifically in the Gaza Strip, with the view to disrupting progress and peace in the Middle East, were keen to provoke a retaliatory response. Predictably, Israel has obliged.</p><p>These recent events have had an impact on Israel not dissimilar to the effect the 9/11 attacks had on America. Whilst the human cost of this conflict, which promises to continue in the weeks ahead, remains tragic, the rest of the world was shocked at how a total systems failure on Israel’s part could be allowed to happen. Israel’s sophisticated espionage machinery ensured that Tel Aviv would always receive a heads-up on any mischief or trouble that the Palestinians intended to brew. The launching of a major attack would have taken at least two years of planning. Israel actually believed that Hamas, a Palestinian militant organisation, was in recent times, focused on a long-term cease-fire where both sides benefitted from a live-and-let-live arrangement. Over twenty thousand Palestinians work in Israeli towns, generating income and tax revenues.</p><p>The secret dialogues between Saudi Arabia and Israel towards normalising relations have taken place under American pressure. Israel’s retaliatory attacks would now place the Saudis in a difficult position, as the Palestinians enjoy emotional support from the bulk of the Arab population. The deal between the Saudis and the Israelis was to pivot on the basis of explicit security guarantees provided to the Arabs by the United States. Going forward, it would take great courage on the part of Prince Mohammed Bin Salman, the de facto ruler of Saudi Arabia, to continue his engagement with Tel Aviv. Israel’s political leadership has limited good choices. Historical evidence would suggest an all-out ground attack by the Israeli defence forces, with air support would inflict serious damage on Gaza. Israel has, as a democratic country, traditionally been most cautious to avoid collateral damage in seeking the assassination of the Hamas leadership. They will probably drop these inhibitions during a full-scale invasion of Gaza. Whilst it is hard to predict how things will evolve, analysts suspect that in the weeks ahead, the intense fighting in densely populated areas within Gaza would lead to an international outcry against civilian causalities that would almost certainly be inflicted upon the Palestinians. Israel’s ammunition store consists of the most formidable weapons</p><p>Despite the political instability in Israel, it seems that the deep crisis will bring opposition parties into the government's line of thinking. In fact, the former Israeli Prime Minister and opposition leader Naftali Bennett, demonstrating his solidarity, dawned his military uniform, arriving for duty to join soldiers on the front lines. These developments in the Middle East and the ongoing conflict in Ukraine clearly suggest that the veneer of a peaceful world order is proving very thin. The inherent conflicts and squabbles that exist in different parts of the world, that have until now simmered under the surface, will blow up. This is an important point for business managers to keep in mind. Financial Markets and commodity prices would remain volatile.</p>
