There was an uproar last Saturday when it was reported that Hamas had launched the biggest surprise attack in history on Israel with thousands of rockets raining down on the illegal country.
The leader of Hamas, Ismail Haniyeh, who dubbed the operation 'Al-Aqsa Typhoon', described the attack as retaliation for the Zionist regime's violation of the Al-Aqsa mosque in addition to cruelty against Palestinian prisoners in prison.
It is reported that at least 700 Israeli soldiers were killed and 2,000 others injured after thousands of rockets were fired from the Gaza Strip.
It was also reported that Al-Qassam Brigade troops also infiltrated southern Israel and captured more than 30 Israeli soldiers and brought them into the Gaza Strip.
Israeli commander, Nimrod Aloni has also been successfully captured by Hamas fighters.
The Palestinians reportedly got support from Iran to launch the biggest attack on Israel including ground, water and air attacks.
Following that, Israel responded by launching the 'Iron Swords' operation with the Prime Minister of Israel, Benjamin Netanyahu saying that a counter attack would be launched and would confidently destroy the land of Palestine.
The Israeli army has been targeting settlement areas attacking civilians resulting in the number of casualties from the attacks continuing to rise.
The death toll since the outbreak of the attack has exceeded 1,000 casualties with thousands injured.
Impact on Global Markets
The opening of the market at the beginning of the week has seen the price of oil soar, as has the price of gold.
Market sentiment is feared to be at risk following investors' concerns about the uncertain situation that is currently raging as a result of the war conflict that broke out.
The United States (US) announced a military aid package for Israel while being warned by Iraqi militant groups that they would target US bases and its troops if it intervened.
It is still too early to see the impact on financial markets, but analysts advise investors to be prepared for any possible unexpected movements.
