Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    ;
    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Headlines > Gaza aid flotilla set to defy Israel as Italy urges compromise
    Headlines

    Gaza aid flotilla set to defy Israel as Italy urges compromise

    Gaza aid flotilla set to defy Israel as Italy urges compromise

    Published by Global Banking and Finance Review

    Posted on September 26, 2025

    Featured image for article about Headlines

    By Angeliki Koutantou and Alvise Armellini

    ATHENS/ROME (Reuters) -Organisers of an international aid flotilla said on Friday they would press on with attempts to break an Israeli naval embargo on Gaza, despite pleas by Italy to accept a compromise proposal and not take further risks.

    The Global Sumud Flotilla, made up of about 50 civilian boats, was hit on Wednesday by drones carrying stun grenades and itching powder in international waters 30 nautical miles (56 km) off the Greek island of Gavdos.

    No one was injured, but vessels suffered some damage. The GSF blamed Israel, which did not respond to the accusation but said it would use any means to block the boats' access to Gaza.

    Italian President Sergio Mattarella urged the flotilla's organisers to accept a proposal to drop off its aid supplies in Cyprus and hand them to the Catholic Church's Latin Patriarchate of Jerusalem for distribution in Gaza. 

    "The value of human life, which seems to have lost all meaning in Gaza, where it is gravely trampled upon ... requires us to avoid endangering the safety of any person," he said in a statement.

    Israel said it backed the idea, but the flotilla rejected it.

    'TRYING TO DELIVER HOPE AND SOLIDARITY'

    The flotilla is carrying people from dozens of countries, including lawyers, parliamentarians and activists such as Swedish climate campaigner Greta Thunberg. 

    Its passage across the Mediterranean has raised international tensions, especially after Italy and Spain reacted to the drone attacks by dispatching navy ships that are on stand-by for rescue and humanitarian operations.

    "We are not just delivering humanitarian aid. We are trying to deliver hope and solidarity, to send a strong message that the world stands with Palestine," Thunberg said from the deck of a boat off the Greek island of Crete on Thursday.

    Greece said it would guarantee the safe sailing of the flotilla off Greece, but Friday's launch will take the flotilla back into international waters. Organisers said the boats aimed to arrive early next week.

    CONTINUE AT YOUR OWN RISK, ITALY SAYS

    Israel said the flotilla would not pass and that the project would assist the Palestinian militant group Hamas. 

    The timing of the flotilla's departure from Greece was unclear. Organisers said one of the lead boats had suffered a mechanical failure but that the flotilla would continue.

    Italy's foreign ministry sent a message to Italian members of the flotilla on Thursday warning them against continuing with the mission after refusing the Cyprus plan, and offering help with repatriation if they chose to disembark in Greece.

    It said the navy ship deployed by Rome would intervene only for sea rescue or humanitarian operations, and would not engage in defensive or offensive military maneuvers. 

    "Whoever (continues with the mission) takes on all risks and is personally responsible for them," it said.

    Israel began its Gaza offensive after the October 7, 2023, Hamas-led attack on Israel in which some 1,200 people were killed and 251 taken as hostages back to Gaza. The offensive has killed over 65,000 people in Gaza, Gaza health authorities say.

    (Reporting by Stefanos Rapanis, Makis Melissourgakis and Alvise Armellini; additional reporting by Angelo Amante in Rome, Anna Uras in Bologna; Writing by Angeliki Koutantou; Editing by Edward McAllister, Aidan Lewis and Timothy Heritage)

    Related Posts
    Britain clinches upgraded South Korea trade deal
    Britain clinches upgraded South Korea trade deal
    Sydney mourns 15 killed in Australia's worst mass shooting in nearly 30 years
    Sydney mourns 15 killed in Australia's worst mass shooting in nearly 30 years
    Belarus' Lukashenko: Maduro is welcome to move to Belarus, but no such discussions have been held
    Belarus' Lukashenko: Maduro is welcome to move to Belarus, but no such discussions have been held
    Trump says lawsuit against BBC likely to be filed soon
    Trump says lawsuit against BBC likely to be filed soon
    German parliament suffers suspected cyberattack during Zelenskiy’s visit, FT reports
    German parliament suffers suspected cyberattack during Zelenskiy’s visit, FT reports
    European leaders agree Ukraine security guarantees should include European-led peacekeeping force
    European leaders agree Ukraine security guarantees should include European-led peacekeeping force
    UK military chief urges Britain to better prepare for Russia threat
    UK military chief urges Britain to better prepare for Russia threat
    Ukraine says underwater drones hit submarine, but Moscow denies damage
    Ukraine says underwater drones hit submarine, but Moscow denies damage
    Serbia's prosecutor files to indict minister in connection with Kushner project
    Serbia's prosecutor files to indict minister in connection with Kushner project
    French court jails Congo ex-rebel leader for 30 years
    French court jails Congo ex-rebel leader for 30 years
    Italy's Caltagirone group strengthens governance procedure over Generali, MPS stakes
    Italy's Caltagirone group strengthens governance procedure over Generali, MPS stakes
    France says cattle disease under control as farm protests continue
    France says cattle disease under control as farm protests continue

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    More from Headlines

    Explore more articles in the Headlines category

    Israeli forces kill Palestinian teen in West Bank, health ministry says

    Israeli forces kill Palestinian teen in West Bank, health ministry says

    Ukraine could gain NATO-like security assurances in US-proposed Russia peace deal

    Ukraine could gain NATO-like security assurances in US-proposed Russia peace deal

    European drone wall, other 'flagship' defence projects at risk in EU power struggle

    European drone wall, other 'flagship' defence projects at risk in EU power struggle

    Jimmy Lai remains beacon of Hong Kong press freedom, say ex-colleagues awaiting his sentencing

    Jimmy Lai remains beacon of Hong Kong press freedom, say ex-colleagues awaiting his sentencing

    US eases sanctions on three Belarus potash companies after prisoner release

    US eases sanctions on three Belarus potash companies after prisoner release

    ICC rejects Israeli bid to halt Gaza war investigation

    ICC rejects Israeli bid to halt Gaza war investigation

    UK watchdog Ofqual fines Pearson 2 million pound for standards breaches

    UK watchdog Ofqual fines Pearson 2 million pound for standards breaches

    EU's Kallas: China is increasingly weaponizing economic ties for political gains

    EU's Kallas: China is increasingly weaponizing economic ties for political gains

    Romania's government survives no-confidence vote over reform plans

    Romania's government survives no-confidence vote over reform plans

    French senators approve 2026 budget bill ministers say will worsen fiscal deficit

    French senators approve 2026 budget bill ministers say will worsen fiscal deficit

    Nobel laureate Machado injured as she fled Venezuela, spokesperson says

    Nobel laureate Machado injured as she fled Venezuela, spokesperson says

    Russian opposition party that wants Ukraine ceasefire vows to keep campaigning despite crackdown

    Russian opposition party that wants Ukraine ceasefire vows to keep campaigning despite crackdown

    View All Headlines Posts
    Previous Headlines PostNorway wealth fund to invest $1.5 billion in Brookfield energy transition fund
    Next Headlines PostGermany's Hensoldt to invest $1.2 billion to meet large uptick in defence orders