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US Secretary of State Antony Blinken said Israeli Prime Minister Benjamin Netanyahu reiterated his support for a ceasefire proposal at a Jerusalem meeting.
The war's impact, coupled with displacement and economic strain, is expected to further strain vulnerable populations.
With most major shipping companies ceasing to sail through the Red Sea, Israeli line ZIM is no longer in an inferior position.
The markets are cautiously optimistic that the fighting will be limited to the south.
Analysts disagree on the likelihood of an interest rate cut by the Bank of Israel. Bank Hapoalim chief economist Victor Bahar: A cut will increase depreciation pressure on the shekel.