Covert Campaign Expands

Israel follows the public warning with covert or deniable actions against Hamas operatives outside Gaza, most likely in Lebanon, Syria or Iran-linked networks where sovereignty costs are lower than in Qatar. The campaign is calibrated to show reach without forcing a full rupture with key U.S.-aligned mediators.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.