The ongoing Israeli aggression in Gaza has escalated into a dire humanitarian crisis, with over 60,000 people killed and more than 192 journalists losing their lives. The international community has labeled the situation as genocide and war crimes. In response, Norway’s “Oil Fund,” the world’s largest sovereign wealth fund, has announced its decision to divest from 11 Israeli companies, a move that significantly intensifies international pressure on Israel.
The fund, valued at approximately $1.9 trillion, has announced the cessation of its investments in Israel. The reason cited is the severe violation of human rights and the humanitarian disaster in Gaza. Nikolai Tangen, CEO of Norges Bank Investment Management, described this as a step taken in “exceptional circumstances,” stating, “The situation in Gaza is a serious humanitarian crisis.” This decision sends a strong signal to global investors.
According to the United Nations, the death toll in Gaza has exceeded 61,000, with nearly half being women and children. The number of injured has surpassed 152,000, and approximately 2.1 million people have been displaced, facing severe shortages of food and medicine. The UN has warned that Gaza is on the verge of a “complete humanitarian catastrophe.”
In addition to Norway’s action, political pressure on Israel is mounting. Several countries, including Australia, Canada, France, and the UK, have formally announced their intent to recognize the State of Palestine. Concurrently, nations such as Germany, Belgium, and Italy have decided to limit or halt the supply of arms and ammunition to Israel.
