Israeli economy in chaos in anticipation of Iran, Hezbollah responses
Al Mayadeen | August 15, 2024
The Israeli occupation’s anticipation of Hezbollah and Iranian response to Israeli assassinations carried out in late July has pushed the regime into “economic chaos”, Israeli media outlets reported.
The economic affairs commentator for Israeli broadcaster Channel 13 underlined that the past two weeks have “exhausted” the Israeli market. Several economic events were canceled in Israeli-occupied territories, while others were reduced due to the state of anxiety experienced among settlers.
Economic activities have also been affected by the operational measures issued by Israeli authorities, in preparation for retaliatory strikes by Hezbollah and Iran.
The Israeli commentator highlighted the significant losses that affected the Israeli tourism sector, largely linked to international flight cancellations to Israeli-occupied airports. An increasing number of Israeli settlers have been stranded in other countries due to the wide-scale cancelation of flights. The possibilities of responses launched by the Axis of Resistance have also impacted hotels and other hospitality and tourism businesses in the northern Israeli-occupied territories, which may be directly affected by future strikes.
The commentator warned that these challenging conditions and operational measures, which are also impacting the medical and energy sectors, could persist well into September.
If the wait continues into next month, the Israeli educational sector will also be severely affected by operational measures, forcing institutions to “maneuver within combat scenarios.”
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