Two Israeli banks have warned they may soon cut correspondent banking ties with Palestinian banks, threatening to disrupt payments for essential imports such as food, fuel, electricity, and water.

INTELLIGENCE SUMMARY

Two Israeli banks have warned they may soon cut correspondent banking ties with Palestinian banks, threatening to disrupt payments for essential imports such as food, fuel, electricity, and water. Palestinian and international officials warn the move could cripple the West Bank economy, fuel a cash-based black market, and worsen the Palestinian Authority's already severe financial crisis. Source: NYT