Israel has begun calling reservists ahead of a new phase in Gaza City, framing the move as a targeted effort against entrenched militant networks. Urban terrain, tunnels, and improvised traps slow advances, with drones and precision munitions doing more of the work. The risk is clear: more street fighting, more civilian peril, and rising political pressure at home.

On the ground, the humanitarian picture is worsening. Electricity is scarce, drinking water limited, and hospitals rely on failing generators while surgeries pile up. Aid corridors are negotiated on paper but falter at checkpoints and broken roads. Media access is constrained, fueling disputes over casualty data and accountability. Relief agencies warn logistics, not money, will decide outcomes.

Diplomacy is busy but brittle. The United States, Egypt, and Qatar are pursuing overlapping tracks on hostages, pauses, and aid guarantees, yet mistrust is heavy. The northern border with Lebanon remains volatile, risking a broader theater crisis. European governments are split on arms exports and investigations, complicating any collective line. Energy markets watch for price and insurance shocks and tanker routes through the Suez Canal.

For South Asia, the implications are practical, not abstract. Oil, fertilizer inputs, and shipping insurance can all move higher, pushing inflation into daily life. Governments will juggle statements of principle with procurement and remittance realities. For Bangladesh, policy consistency matters: diversify fuel sourcing, protect food pipelines, and communicate clearly with diaspora communities. War is read in headlines, but lands in household budgets.