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0:40Now PlayingUS Secretary of State Antony Blinken, meeting with Israeli leaders on Thursday, stressed the need to comply with international law once fighting resumes in Gaza, a shift in tone that underscored increasing American concern about the humanitarian toll of the campaign to destroy Hamas.
Civilians in the north of Gaza have fled to the south to escape fighting, and under the current cease-fire agreement Israel is letting in increasing supplies of humanitarian aid. While encouraging further extensions to the truce, the Biden administration continues to back Israel in its struggle against Hamas after the militant group’s gunmen infiltrated Israel on Oct. 7, killing more than 1,200 and taking some 240 people hostage.
The pause in the fighting and hopes for further diplomatic progress have boosted Israel’s stocks and currency. Tel Aviv’s main equity index has jumped almost 20% in dollar terms this month. The shekel is poised for a 9% rally against the dollar, the best performance among currencies tracked by Bloomberg.
It may be a temporary boost. “I told him: We have sworn, I have sworn, to eliminate Hamas. nothing will stop us,” Netanyahu told Blinken according to a statement from his office.
Hamas’s military wing, Al-Qassam Brigades, asked its forces to remain on high alert, in anticipation of a renewal of fighting should the sides fail to prolong the truce again.
Israel’s troops are “ready for the continuation of the war,” army spokesman Rear Admiral Daniel Hagari said Wednesday night.
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