Tuesday is poised to emerge as one of the bloodiest days in the Israel-Hamas conflict, which entered its 11th day of hostilities.

• The Hamas-run health ministry reported that over 500 individuals lost their lives in an explosion at the Al-Ahli Arabi Baptist Hospital in Gaza City. Hamas, in a statement, condemned Israel for the incident.

• Egypt held Israel responsible for the attack on Ahli Baptist Hospital in Gaza City, and Turkish President Recep Tayyip Erdogan squarely blamed Israel. Qatar’s foreign ministry also released a strong condemnation of the alleged Israeli airstrike.

• The Times of Israel reported the Israel Defense Forces attributed the deadly blast at the Gaza hospital to a failed rocket launched by Palestinian Islamic Jihad (PIJ), based on intelligence information. According to the IDF statement, their analysis indicated the hospital was hit as a result of an enemy rocket barrage aimed at Israel passing near the hospital.

• Palestinian Authority President Mahmoud Abbas declared a three-day period of mourning following what he described as a hospital massacre in Gaza. A senior Palestinian official stated President Abbas has canceled his scheduled meeting with U.S. President Joe Biden and other Middle Eastern leaders, which was planned for tomorrow.

• A Hamas representative informed NBC News the group is ready to release all civilian hostages within an hour if Israel ceases its airstrikes in Gaza.

• The National Security Council of Israel issued a travel warning, cautioning against visiting Turkey and Morocco due to concerns that Israeli travelers may become targets of individuals upset about the ongoing Israel-Gaza conflict.

• U.S. Senate Majority Leader Chuck Schumer (D-N.Y.) and Minority Leader Mitch McConnell (R-Ky.) expressed their strong support for Israel amid the ongoing war with Hamas. They stated their intention to work together in the coming weeks to reach a bipartisan agreement aimed at providing assistance for Israel’s counterterrorism efforts.

Israeli-related stocks, as tracked by the iShares MSCI Israel ETF (NYSE:EIS), fell for the fifth straight day, to the lowest since mid-May 2020.

The Israeli shekel (ILS) held steady against the dollar, halting a six-day losing streak which pushed the currency to the weakest level in eight years.

Read more: Fed Governor Michelle Bowman Says Creation Of US CBDC ‘Could Pose Significant Risks’