The United States has long been Israel’s primary international backer, lending it vast political, diplomatic and financial support.
This has only increased since Israel began its assault on Gaza last October, even as it gradually expanded the parameters of its war, in which it is widely accused by human rights groups of committing genocide. According to Brown University’s Watson Institute, the US government provided Israel with almost $18bn in weapons and military aid in the first year of Israel’s war.
But Israel is also increasingly dependent on another source of funds: bonds, bought by states and municipalities across the US.
Between October 7, 2023 – when the Palestinian group Hamas attacked Israel and the latter subsequently began its war on Gaza – and April 18 this year, nearly three dozen states and counties have bought $1.7bn worth of bonds, according to Israel Bonds, a US-based company that raises foreign funds for…
