The US imposed fresh sanctions on Hamas in response to its attack on Israel, targeting the militant group’s links with Iran.
Israel will achieve its military objective with “minimal collateral damage,” Economy and Industry Minister Nir Barkat told Bloomberg after President Joe Biden signaled the US wants fewer civilian casualties in Gaza.
Israel and Hamas — designated a terrorist organization by the US and European Union — traded accusations over medical facilities in Gaza, with Biden calling for “less intrusive action” at Al-Shifa hospital. Israel says Hamas uses hospitals as bases for its operations.
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All time stamps are Israeli time:
Israeli Gas Flows to Egypt to Recover (4:39 p.m.)
Israel’s natural gas flows to Egypt are expected to almost double and reach pre-war levels early next week, according to a person familiar with Egyptian imports, after a major offshore field resumed output on easing safety concerns.
Imports are expected to rise to 650 million cubic feet a day on Thursday, and to the normal level of 800 million early next week, from about 250 million earlier in November, the person said, asking not to be named because the information isn’t public.
US Imposes New Round of Hamas Sanctions (4:20 p.m.)
The US announced a third round of sanctions on Hamas in response to the Oct. 7 attack on Israel, targeting the group’s connections with Iran.
The Treasury Department sanctioned Lebanon-based money exchanger Nabil Chouman & Co., which it said Hamas used to transfer money from Iran to Gaza. It also sanctioned Nasser Abu Sharif, who allegedly worked with Iran to help fund the Palestinian Islamic Jihad, and the Muhjat AlQuds Foundation, which the department said provided the primary financial link between the country and PIJ.
Mahmoud Khaled Zahhar, a senior member and co-founder of Hamas, was also sanctioned.
Hamas Media Office Says Gaza Deaths Top 11,500 (3:47 p.m.)
The Hamas-run media office said more than 11,500 people have been killed in Gaza since the start of the conflict. Medical workers at the Al-Shifa hospital have buried some of the dead in a mass grave on the facility’s grounds, according to health ministry spokesman Ashraf Al-Qedra.
About 200,000 Left Northern Gaza Since Nov. 5: UN Agency (2:44 p.m.)
About 200,000 people left areas in northern Gaza for the south since Nov. 5, the United Nations Office for the Coordination of Humanitarian Affairs said in a statement.
A vast number of people who are either unwilling or unable to move remain in the north amid intensified hostilities, the agency said. The people are struggling to secure water and food for survival, OCHA said.
S&P Sees Israeli Economy Slumping Sharply This Quarter (9:49 a.m.)
Israel’s economy is on track to shrink 5% this quarter from the previous three months, according to S&P Global Ratings, a decline equivalent to just over half the drop it saw at the start of the coronavirus pandemic in 2020.
S&P predicts a “gradual” economic rebound will follow through next year to bring output to its pre-war level by end-2024 — based on the scenario that the war against Hamas remains centered on Gaza. “Nevertheless, we see a risk of the conflict widening across the region with possible knock-on effects,” S&P analysts including Maxim Rybnikov said in a report.
Palestinian Ministry Says Six People Killed in West Bank (7:35 a.m.)
Six Palestinians were killed by the Israel Defense Forces at a refugee camp in the West Bank in early morning Tuesday, according to the Palestinian Ministry of Health.
Palestine Authority radio said three of them were targeted in a drone attack during an Israeli military raid in the area of the Tulkarem refugee camp.
Al-Shifa Hospital Situation in Focus (5:56 a.m.)
Biden said the Al-Shifa medical facility in Gaza “must be protected” as fighting around the hospital intensifies and Israel and Hamas trade barbs over the situation there.
The US president told reporters at the White House on Monday that it’s his “hope and expectation that there will be less intrusive action with the military” around the hospital.
Israel Closes In on Main Gaza Hospital It Says Houses Hamas Base
Israel says Al-Shifa is a “major hub” of Hamas’s activities because the group has a command center located in tunnels underneath it.
Yellen Says War’s Global Economic Impact Limited (4:34 a.m.)
Yellen said there hasn’t been “much economic impact” from the conflict so far but said officials at APEC did discuss the potential risks from the war continuing.
“There was a strongly shared view that it’s important for all of us to work, to do everything we can to contain the conflict between Israel and Hamas so that it doesn’t become a broader regional conflict,” Yellen said.
Israel Responds to Hamas Video of Captured Soldier (3:46 a.m.)
An Israeli military representative visited the family of captured soldier Noa Marciano after Hamas released a video of her in the days after she was taken. The video says Marciano, 19, later died in an air strike.
“Our hearts are with the Marciano family whose daughter, Noa, was brutally kidnapped by the Hamas terrorist organization,” Israel’s military said in a statement. “We are using all means, both intelligence and operational, to bring the hostages home.”
War Comes First in Israeli Budget, Minister Says (2:05 a.m.)
Israel’s 2024 budget will be structured to focus on the war, with concessions necessary to expand the country’s unity government, a senior minister said.
“One of the biggest challenges we have is expanding the unity government, throughout the war and after the war,” Nir Barkat, Israel’s economy and industry minister, said Monday during a Bloomberg Radio interview in New York.
Israel Minister Says 2024 Budget to Focus on War and Then Growth
“In 2024, we are really structuring the budget to focus on the war and to focus on economic growth immediately after. We will make the concessions needed so that everyone is happy,” he said.
