Palestinians Rampage in Israel

Hi Global Recap readers,

Everywhere I look today, I see a pattern of:

Escalation, Escalation, Escalation.

Initially, I was convinced that global leaders would de-escalate tensions upon recognizing the irreversible path they were on.

But look below. Does it look like they are de-escalating or preparing for direct confrontation?

🌐 Around the world:

• 🇨🇳 Beijing tells investors not to sell.

• 🚀 Iran strikes Israeli Spy HQ.

• 🚢 Houthi rebels attack US-owned vessel.

• 📃 Leak: Germany preparing for war against Russia.

• 🚗 Palestinians Rampage in Israel.

Let’s get into today’s news.

📈 Chinese Stocks Defy Gravity

Beijing reportedly told big investors not to sell stocks, despite selling pressure.

The Shanghai Composite and Shenzhen Component both ticked up a modest 0.3%.

• Government Nudge: Reports suggest Beijing’s been nudging institutions to keep their shares close, not loose.

• Skeptic’s Take: Citigroup analyst Mohammed Apabhai doubts the long-term stickiness of such interventions.

How long can they keep this up?

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💥 Iran Strikes

Iran’s Revolutionary Guards launched a ballistic missile attack on what they claim to be an Israeli spy HQ in Iraq, promising more retaliation.

• Revenge: The assault was a response to alleged Israeli actions resulting in the death of Iranian commanders.

• Casualties: At least four civilians perished, including a Kurdish multimillionaire.

• Diplomatic Rift: Iraq summoned Iran’s envoy, protesting the violation of its sovereignty.

With Iran making such a bold move, are we seeing sparks of a broader global war?

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🚀 Houthi Rebels Also Attack

Yemen’s Houthi rebels, which is backed by Iran, launched a ballistic missile at the M/V Gibraltar Eagle, a US-owned container ship.

• Attack Details: The attack caused an “inconsequential fire,” no injuries.

• Continued Attack: Despite US-UK military strikes last week, the Houthis are continuing their Red Sea rampage, targeting global shipping lanes.

• Meanwhile, the US has attacked the rebels in Yemen for the third time, destroying four anti-ship ballistic missiles that were ready to launch.

The increasing normalization of armed conflicts involving the US and adversaries like the Houthi rebels raises the risk of Western allies also becoming inadvertently involved.

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🔥 War Looming? Germany Preparing.

Germany’s Defense Ministry documents - leaked to a German tabloid newspaper Bild - paint a grim picture of potential global conflict.

Russia, they fear, might just tip the scales into World War 3.

• Preparation: According to the document, Germany is worried that Russia will soon tip the scales into WWIII, prompting the EU nation to prepare for possible armed conflict against Russia.

• Escalation: The report outlines a month-by-month escalation, culminating in a NATO response.

• Deterrence: It also says NATO will take "measures for credible deterrence" by May 2025.

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Israel-West Bank

Palestinian Rampage in Israel

🚗 Deadly Drive A tragic car-ramming incident occurred in Ra’anana, Israel, resulting in the death of a 70-year-old woman, and 17 others injured. Two of the injured are in serious condition.

🚑 Emergency Response Activated. Two Palestinian men were arrested following the attack, which is being treated as an act of terrorism.

The two men were:

• Ahmad Zidat, 25.

• Mahmoud Zidat, 44.

👨‍👨‍👦‍👦 Family. Astute readers may have observed that the individuals share a surname.

• Yes, you are right; They are indeed relatives from Bani Naim village in the West Bank.

• Despite being part of the group of Palestinians prohibited from entering Israel, they managed to gain entry into the country illegally from Hebron, West Bank.

🔍 Investigating Motive. The motivations behind the attack are under investigation, but the incident has been labeled as a terrorist act by the police.

📢 Hamas Praises. Hamas referred to the assailants as “heroes,” praising the attack as a response to Israeli actions, although they did not claim responsibility.

A rough translation of the above post by a Palestinian news agency: