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What the Israel-Hamas war means for Gaza's already suffering economy

The economic toll of Israel's total blockade has humanitarian repercussions.
Bashar Taleb/AFP via Getty Images

A look at the history of U.S. aid to Israel

Oct 23, 2023
The U.S. has given Israel $158 billion since Israel was founded, not adjusting for inflation, according to the Congressional Research Service.
Above, President Joe Biden addresses the nation on the war between Israel and Gaza on Oct. 19. Biden's request for $14 billion in aid for Israel has yet to come before the speaker-less House.
Jonathan Ernst/Pool/AFP via Getty Images

How humanitarian aid is being distributed in Gaza

Here's how it's distributed, and a look at why direct cash transfers are simply not sufficient given the state of Gaza's economy.
A convoy of trucks carry humanitarian aid to the Gaza Strip on Oct. 22.
Mohammed Assad/AFP via Getty Images

For public good, not for profit.

Israel-Hamas war's human cost is primary, but geopolitical risk to economy persists

Oct 18, 2023
If the conflict widens to include direct confrontation with other nations in the Middle East, the economic shockwaves could be significant.
“The geopolitical pot is just boiling,” said Bernard Baumohl of the Economic Outlook Group. Above, a man walks through debris in Gaza City on Oct. 11.
Mahmud Hams/AFP via Getty Images