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FT News Briefing

Israel prepares to invade Gaza

Oct 16, 2023
10:20
Snipd AI
Israel prepares for ground invasion of Gaza, UK justice secretary announces plan for prison shortage, Exxon's acquisition could lead to industry consolidation
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Quick takeaways

  • Israel is preparing to launch a major ground invasion of Gaza to eliminate Hamas, creating uncertainty about the effectiveness of the military operation and its aftermath.
  • ExxonMobil's $60 billion acquisition of Pioneer Natural Resources signals a wave of consolidation in the US shale oil industry, potentially reshaping the industry and indicating their confidence in future oil demand.

Deep dives

Israel prepares for major ground invasion of Gaza

Israel is preparing to launch a major ground invasion of Gaza in response to Hamas's surprise attack. The Israeli Air Force has already launched intense bombing strikes, and ground forces are gathering at the borders of Gaza. The objective of the invasion is to root out and eliminate Hamas from Gaza, although the challenge lies in the fact that Hamas is deeply embedded in the region and runs the strip. This creates uncertainty about the effectiveness of the military operation and what will happen after Hamas is dealt with.

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