Israel-Hamas war worsening

The Geopolitical uncertainty has hit the India-Europe-Middle East Corridor as Hamas-Israel War Erupted. The recent outbreak of war between Hamas and Israel has cast a shadow over the ambitious India-Europe-Middle East Corridor (IMEC) project. The IMEC is a proposed economic corridor that would connect India to Europe via the Middle East through a network of shipping lanes, rail links, and roads.

The India-Europe-Middle East Corridor project could help to boost trade and investment between India, Europe, and the Middle East. It could also help to create jobs and improve the lives of people in the region.

On October 7th Hamas had launched 5,000 rockets towards Israel in a surprise attack. To retract, Israel launched a massive counteroperation against Hamas after a surprise attack by the Palestinian group.

Prime Minister Benjamin Netanyahu has warned Gaza civilians to get away from all Hamas sites which he said will be turned "to rubble". The conflict's bloodiest escalation in decades saw Hamas carry out a massive rocket barrage and ground, air, and sea offensive.

The European Union's executive arm announced it was suspending all aid to the Palestinian territories, citing "terror and brutality against Israel." The move comes after a series of terrorist attacks in Israel, which have killed dozens of people.

Several airlines in Asia have cancelled their flights to Israel citing the security situation in the country.

Microsoft linked a Gaza-based threat actor tracked as Storm-1133 to a series of attacks aimed at private organizations in Israel. The Storm-1133 activity was observed in early 2023 and is targeting Israeli private-sector energy, defense, and telecommunications organizations.

Yes, it is possible that Intel's $25 billion investment in semiconductor manufacturing facilities in Israel could suffer during the ongoing war. The war has led to increased tensions in the region, which could make it difficult for Intel to operate its facilities.

Refugees International is horrified and heartbroken by the attacks and the ongoing loss of life in Israel and Gaza.

S Mohini Ratna, Editor, VARINDIA