Middle East Conflict: Israel vs Hamas

It has the potential to disrupt the world economy and even tip it into recession if more countries are drawn in.

There's concern that militias in Lebanon and Syria that support Hamas will join the fighting, and a sharper escalation could bring Israel into direct conflict with Iran.

Oil prices could soar to $150 a barrel and global growth could drop to 1.7%.

<p>A large majority of the dead on both sides are civilians, and there are Israeli hostages taken to Gaza.</p> Signup and view all the answers

<p>The devastation is raising emotional temperatures, making military escalation more likely.</p> Signup and view all the answers

<p>Scenario 1: Conflict confined to Gaza, Scenario 2: Conflict spilling over to neighboring countries, Scenario 3: Escalation into a direct military exchange between Israel and Iran</p> Signup and view all the answers

<p>The kidnap and murder of three Israelis by Hamas</p> Signup and view all the answers

<p>By as much as 700,000 barrels per day</p> Signup and view all the answers

<p>$3 to $4 billion</p> Signup and view all the answers

<p>It could rekindle inflation, extend to renewed unrest in the Arab world, and affect next year's presidential election in the US</p> Signup and view all the answers