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International Business Times

Business

Majeda EL-BATSH

Israel Holds Palestinian Economy Captive, Say Analysts

Israel Economy Benjamin Netanyahu Michael Milshtein West Bank Palestinian Authority Gaza Benny Gantz Bezalel Smotrich Gaza War

Palestinian livelihoods have been hurt by bans on labourers crossing into Israel (Credit: AFP)

The Gaza war is speeding up Israel's "annexation" of the Palestinian economy, say analysts, who argue it has been hobbled for decades by agreements that followed the Oslo peace accords.

While the Israel-Hamas war raging since October 7 has devastated swathes of Gaza, it has also hit the public finances and wider economy of the Israeli-occupied West Bank.

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