Given Iran’s support for Hezbollah, Palestinian Islamic Jihad and Hamas, observers are concerned that a wider war could play out on multiple fronts, posing a potentially enormous challenge for Israel’s military. While there have been reports of scattered rocket fire from Lebanon and Syria, the conflict has occurred mainly near the Gaza Strip, on the border of which Israeli soldiers are reportedly massing in preparation for a ground offensive aimed at destroying Hamas. In response to the multipronged assault, which caught Israel unprepared, targets linked to Hamas in Gaza have been pounded by Israeli airstrikes. Israel declared a state of war on Saturday after Iranian-backed Hamas terrorists launched the bloodiest attack on the Jewish state in its history, an attack the group said it spent two years planning. Markets fear wider conflict after Hamas attacks Israel
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