According to a report by Haaretz, Israel has accused Turkey of violating international trade agreements. In response, Israel is considering imposing sanctions on the country. The Israeli Foreign Ministry is investigating the possibility of using economic measures to address what they see as trade agreement violations by Turkey.
Israel has already taken some initial steps by intervening in the financial dealings between Turkey and the Palestinian Authority and the Gaza Administration. This move is seen as a warning to Turkey that unilateral economic actions against Israel will be met with a similar response. Israel’s foreign minister, Israel Katz, has stated that any economic actions taken against Israel will result in a painful response.
The ongoing conflict between Israel and Hamas has been a major obstacle to achieving a ceasefire. While Hamas is pushing for a permanent ceasefire agreement that Israel does not agree to, Israel has stated that it will not end the conflict until it has achieved all its goals. The situation remains tense between the two countries as they navigate their differences in trade and conflict resolution.