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Israeli Military Launches Operation “Iron Wall” in West Bank, Seven Palestinians Killed
The Israeli military launched a large-scale operation in the occupied West Bank city of Jenin on Tuesday, killing at least seven Palestinians, according to the Palestinian Ministry of Health. The operation, named Iron Wall, was announced by Israeli Prime Minister Benjamin Netanyahu as an effort to “eradicate terrorism in Jenin.”
The operation involves the Israeli military, police, and Shin Bet security agency, with armored vehicles, sharpshooters, and warplanes deployed in and around Jenin. Local reports, including those from Palestinian news agency Wafa, stated that airstrikes targeted parts of the city, and armored bulldozers and vehicles moved through the streets. Ambulances were reportedly blocked from entering the refugee camp, which has become a focal point of the conflict.
Videos shared by local journalists showed extensive military activity, while Palestinian Islamic Jihad’s armed wing, the Al Quds Brigades, said its fighters were actively engaging advancing Israeli troops near the refugee camp.
Rising Tensions Following Gaza Ceasefire
The escalation comes days after a ceasefire between Israel and Hamas in Gaza, raising concerns about renewed instability. Islamic Jihad accused Netanyahu of using the operation to bolster his “faltering government coalition” and undermine recent celebrations in the West Bank, where Palestinian prisoners were released under the Gaza truce.
“We call on our people throughout the occupied West Bank to confront this criminal campaign by all means,” the group said in a statement.
Israeli Officials Signal Broader Campaign
Far-right Israeli Finance Minister Bezalel Smotrich stated that security in the West Bank is now a core part of Israel’s “war goals.” Smotrich, a vocal critic of the Gaza ceasefire, expressed confidence in the ongoing operations, stating that Israel is working to “change the security concept in Judea and Samaria,” using the biblical term for the West Bank.
The Israeli Prime Minister’s Office has not confirmed whether this expansion of goals reflects official policy.
Civilian Impact and Casualties
The Palestinian Ministry of Health reported 35 injuries from the operation, with those affected transferred to hospitals in Jenin. Since Hamas’ October 7 attack, Israeli forces and settlers have killed 851 Palestinians in the West Bank and East Jerusalem, including 173 children, according to official figures.
The refugee camp in Jenin, originally established in 1948 for Palestinians displaced by Israel’s creation, now houses approximately 25,000 people. The camp has seen increased tension in recent months, with the Palestinian Authority (PA) launching its own security operations to target militant groups.
The ongoing conflict in Jenin underscores the volatile situation in the region, with both sides bracing for potential escalations.
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Russia Demands SWIFT Reconnection as Condition to Revive Black Sea Initiative
Russia has set forth a key demand for the restoration of the Black Sea Initiative—reconnecting its Agricultural Bank, Rosselkhozbank, to the SWIFT financial system. This request, which falls under the jurisdiction of the European Union (EU), comes amid ongoing negotiations between global powers on the war in Ukraine.
Partial Ceasefire and Black Sea Security Agreement
Following recent talks in Saudi Arabia, the United States announced that Russia and Ukraine had agreed to a partial ceasefire specifically covering energy facilities. While this fell short of the broader ceasefire pushed by former President Donald Trump, the parties also agreed on measures to ensure the safe navigation of commercial vessels in the Black Sea and to prevent their use for military purposes.
However, the Kremlin quickly detailed additional conditions, demanding the lifting of sanctions on food exports, fertilizers, agricultural machinery, and cargo insurance. Most notably, Russia is insisting that Rosselkhozbank and other financial institutions involved in agricultural trade be reinstated on SWIFT, a global messaging system that facilitates secure financial transactions.
EU’s Role and Sanctions History
SWIFT, headquartered in Belgium, falls under EU regulations. In response to Russia’s invasion of Ukraine, the EU removed several Russian banks from SWIFT in 2022, including Sberbank, Credit Bank of Moscow, and Rosselkhozbank. The exclusion was a significant blow to Russia’s financial system, as it restricted the country’s ability to conduct international transactions.
Rosselkhozbank, a state-owned institution, plays a critical role in facilitating payments for Russia’s agricultural exports, a major revenue source through the global sale of wheat, barley, and corn. While the EU has not directly sanctioned Russian agricultural exports, the banking restrictions have complicated payments for these transactions, leading to the collapse of the initial Black Sea Initiative brokered by Turkey and the United Nations.
Diplomatic Tensions and Uncertain Outcomes
The demand to reinstate Rosselkhozbank puts the EU in a difficult position. Granting this request could signal a willingness to make concessions, potentially encouraging Russia to seek further sanctions relief. However, refusing it could provoke tensions with the Trump administration, which is eager to secure a ceasefire.
President Volodymyr Zelenskyy has consistently opposed easing sanctions, arguing that they must remain in place until Russia ends its military aggression. European Commission President Ursula von der Leyen echoed this stance, stating that sanctions would only be lifted after Russia takes concrete steps toward peace.
As EU sanctions require unanimous renewal every six months, any member state could disrupt the process. Hungary, which has previously expressed opposition to sanctions, could leverage this situation to push for changes when restrictions are up for review on July 31.
Future of SWIFT and Global Financial Pressures
While the EU holds the power to reinstate Rosselkhozbank’s SWIFT access, the U.S. could signal leniency by ensuring that those engaging with the bank avoid legal repercussions. Analysts suggest that Russia’s demand may be a strategic move to test both Washington and Brussels, pressuring the EU to reconsider its stance on financial restrictions.
For now, the EU remains firm in its approach. France has indicated that sanctions should remain unless Russia agrees to a full ceasefire, reparations, and security guarantees for Ukraine. However, with negotiations ongoing and international pressure mounting, the debate over SWIFT and broader sanctions relief is unlikely to fade anytime soon.
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