The latest US-brokered peace proposal for Gaza hit a wall today as hard-line factions in both Israel and Palestine escalated fighting. Israeli warplanes struck residential areas in response to renewed Hamas rocket fire, with at least 68 civilians killed in 48 hours.

Diplomatic sources say hopes of a ceasefire are fading, even as the UN prepares emergency convoys and India’s Ministry of External Affairs urges restraint and humanitarian access. Western capitals are divided, with Washington calling for ‘proportionate response’ and Brussels pushing for immediate de-escalation.

Impact on the World

The crisis is rippling across energy markets and politics, fueling oil price volatility and pushing India and other Asian countries to consider alternative suppliers if the situation worsens.

Human rights groups, meanwhile, stress that without real negotiation, another escalation looms. “The risk of spillover and radicalization is growing by the day,” warns Middle East analyst Anwar Shaban.