On 14 March 2025, Israeli artillery targeted the vicinity of Subhat al Harazin school in Gaza - Az Zaytun (Gaza City, Gaza Strip) killing 4 children as they were collecting wood. This event occurred following the expiration of the first phase of the ceasefire.

Supply-chain Risk Briefing

1) Summary On March 14, 2025, an Israeli shelling in Gaza City, Gaza Strip resulted in the deaths of 4 civilians. This attack, occurring immediately after the expiration of the first phase of the ceasefire, suggests heightened tensions in the Gaza Strip and deepening regional instability. Geopolitical risks across the broader Middle East region are resurfacing, requiring supply-chain monitoring.

2) Supply-chain impact

• Increased security risks on Eastern Mediterranean shipping routes - potential delays in nearby maritime routes if Israeli/Palestinian conflict resumes
• Middle East regional energy supply-chain instability - concerns over indirect impacts on regional oil and natural gas production and transportation infrastructure
• Review of cargo transport route changes via Egypt's Suez Canal - need to explore alternative transport routes if conflict spreads
• Potential operational disruptions to Middle East regional manufacturing bases (Israeli high-tech, West Bank, etc.)

3) Watch points

• Whether additional military clashes occur between Israel and Palestine over the next 7-14 days and the scope of escalation
• Changes in vessel operations at Eastern Mediterranean ports (Haifa, Ashdod, etc.) and ships transiting the Suez Canal
• Trends in production volume and export schedule adjustments by major oil-producing countries in the Middle East region