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Israel-Hamas war's human cost is primary, but geopolitical risk to economy persists

Oct 18, 2023
If the conflict widens to include direct confrontation with other nations in the Middle East, the economic shockwaves could be significant.
“The geopolitical pot is just boiling,” said Bernard Baumohl of the Economic Outlook Group. Above, a man walks through debris in Gaza City on Oct. 11.
Mahmud Hams/AFP via Getty Images

Crypto is one way Hamas gets its funding

But it's only one tool for evading sanctions. And it's actually easier to track cryptocurrency movement than you might think.
In April, Hamas announced it would no longer be taking donations in crypto because law enforcement has been able "to trace and track these flows," said Ari Redbord of TRM Labs.
Jack Taylor/Getty Images