JERUSALEM: 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 Oct. 7 has devastated swaths of Gaza, it has also hit the public finances and wider economy of the Israeli-occupied West Bank.
Israel is tightening the noose on the Palestinian Authority, which rules parts of the West Bank, by withholding tax revenues it collects on its behalf, said economist Adel Samara.