The Gaza Strip possesses wealth and natural resources worth billions of dollars, which may be the reason behind the rush of great powers, the first of which is the United States, to support Israel in destroying Gaza and displacing its population.

Oil and gas reserves in the Palestinian territories are estimated at about 1.5 billion barrels of crude and 1.4 trillion cubic feet of blue fuel, according to the United Nations Conference on Trade and Development (UNCTAD), while Israel deprives the Palestinians of exploiting them and benefiting from their revenues.

The conference said in its report: “Geologists and economists in the field of natural resources have confirmed that the occupied Palestinian territory lies above large reservoirs of oil and natural gas wealth, in Area C of the occupied West Bank and the Mediterranean coast off the Gaza Strip.”

The report noted that “the exploitation of Palestinian natural resources, including oil and natural gas, by the occupying Authority imposes huge costs on the Palestinian people that continue to escalate as the occupation continues. This not only contravenes international law, but also violates natural justice and moral law.” “So far, the real costs and opportunity costs of occupation exclusively in oil and natural gas have accumulated to tens, if not hundreds of billions of dollars.”

The "Gaza Marine" field, located about 30 kilometers from the coast of Gaza between the giant "Luthian" and "Zahr" gas fields, is one of the important energy fields in the eastern Mediterranean region.

The field contains more than one trillion cubic feet of natural gas, and in the past the task of exploring the field was entrusted to British Gas, but the company’s work stopped due to political disputes and Israeli interference, especially since Tel Aviv deliberately thwarted any attempt to develop it, to make Palestine its subsidiary. Entirely in the field of energy.

The Gaza Marine field remained undeveloped, while Israel has been producing natural gas in the eastern Mediterranean for years. Israel exports some gas to its neighbors, and seeks to direct more shipments to Europe, which is in dire need of blue fuel, which is the reason behind the great Western support for Tel Aviv.

In an indication of the importance of the Gaza Strip's location, UNCTAD indicated that oil and natural gas discoveries in the Levant Basin, amounting to 122 trillion cubic feet of natural gas, are valued at approximately $453 billion.

According to international laws and agreements, the Palestinians have the right to exploit their natural and underground resources, but the Israeli attack on the Gaza Strip may turn these hopes into a mirage.