The economic losses suffered by Israel and the Gaza Strip, in conjunction with the enormous human and humanitarian losses, are increasing amid concern in global markets

about the risks of the conflict spreading regionally.

The Israeli Ministry of Finance has started preliminary discussions in preparation for an increase in the general budget for the coming year 2024, an increase of 7 billion

dollars over the budget for the current year 2023, for the first time in the history of Israel, due to the war on Gaza.

The escalation of the war in Gaza may lead to more pressure on global oil and gas supplies,

 which were disrupted earlier due to the Russian-Ukrainian war, as oil prices rose relatively

slightly as a result of the conflict that broke out in the Middle East between Hamas and

Israel, Brent crude jumped about 10 percent, and its American counterpart crude about nine

percent, and prices are about 90 dollars per barrel .

The bond markets witnessed a huge increase in Chinese investors ' sales of US Treasury

bonds, which may be justified in light of the recent turmoil in the bond market, but some

analysts also attribute this to the attempts of the Chinese central bank to support the

national currency, the yuan, and work to stabilize its exchange rate against the dollar.