STANDARD
ECONOMIC
UNVERIFIED
Israeli Banks Delay Correspondent Service Cutoff to Palestinian Authority Amid Western Pressure
Aug 20, 2026 05:11 PM CT
West Bank, Palestine
economic warfare, Palestinian Authority, banking, Western intervention, Israel-Palestine
Summary
Israeli banks Discount and Hapoalim have agreed to delay the suspension of correspondent banking services to Palestinian Authority institutions, a move that threatened to collapse the PA economy. This development follows intervention from Western powers and represents a de-escalation in economic pressure tactics against the PA, which is a key political entity in the broader Israel-Palestine conflict context.
Full Content
Sources tell ToI that Discount and Hapoalim are likely to hold off on threat to stop providing critical correspondent services to Palestinian banks, following Western intervention The post Progress made in talks with Israeli banks to delay move that could collapse PA economy appeared first on The...
Sources (1)
T3
Times of Israel
50% reliable
Link
Actor Responses
Israel
NEUTRAL
Israeli banks agreed to hold off on stopping critical services to Palestinian banks following talks.
United States
NEUTRAL
Western intervention, likely led by the US, influenced the decision to delay the economic cutoff.