Israeli Defense Minister Yoav Gallant traveled to Washington, DC, this weekend to discuss the final phase of Israel’s offensive in Gaza — and to address growing concern over hostilities with the Lebanon-based terror group Hezbollah.
Since Hamas’ attacks of Oct. 7, Hezbollah has ramped up its rocket and drone attacks on Israel, forcing the evacuation of northern border towns. Now, as Israel targets the last Hamas strongholds in Gaza, the concern is that the conflict could shift north to Lebanon.Last Wednesday, Hezbollah leader Hassan Nasrallah posted a video threatening to destroy key Israeli infrastructure with missiles if they are attacked.
The London Sunday Telegraph reported a significant increase in Iranian shipments of rockets to the group via Beirut's Rafic Al Hariri International Airport. “We are prepared for any action in Gaza, Lebanon, and more areas,” Gallant said before meeting US officials this week.
Netanyahu’s DC drama. Meanwhile, the politics are becoming increasingly perilous on Capitol Hill. Prime Minister Benjamin Netanyahu plans to address the US Congress on July 24, and many Democrats are conflicted about whether to attend. After Bibi released a video last week chastising Washington for withholding military aid – the US has only withheld one shipment while providing $12 billion in aid since Oct. 7 – some fear furthernegativity about US support for Israel from Bibi could complicate Biden’s reelection campaign.Mastercard Economic Institute's Outlook 2026 explores the forces redefining global business. Tariffs, technology, and transformation define an adaptive economy for the year ahead. Expect moderate growth amid easing inflation, evolving fiscal policies, and rapid AI adoption, driving productivity. Digital transformation for SMEs and shifts in trade and consumer behavior will shape strategies worldwide. Stay ahead with insights to help navigate complexity and seize emerging opportunities. Learn more here.
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