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Israeli stocks tumble as military launches Gaza City offensive

According to an Israeli military spokesperson, two divisions of 13,000-20,000 troops each are stationed on the outskirts of Gaza City and more soldiers will be deployed to the region in the coming days.

MENAHEM KAHANA/AFP via Getty Images
A convoy of Israeli tanks is deployed at Israel's border with the Gaza Strip on Sept. 16, 2025. — MENAHEM KAHANA/AFP via Getty Images

Israeli troops are now stationed on the outskirts of Gaza City ahead of an imminent ground operation, a spokesperson for the Israeli military said Tuesday morning. 

Prime Minister Benjamin Netanyahu said upon arrival to court Tuesday for his graft trial that Israel “has begun an intensive operation in Gaza City." He requested to be excused from his regularly scheduled testimony due to the “important things happening.”

Defense Minister Israel Katz posted on X early Tuesday morning, "Gaza is burning," adding, "We will not relent and we will not go back until our mission is complete."

According to an Israeli military spokesperson, two divisions of 13,000-20,000 troops each are stationed on the outskirts of Gaza City and more soldiers will be deployed to the region in the coming days.

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