Israel's blockade cost Gaza an estimated $16.7 billion in just over a decade, according to the UN.Israel's blockade of the Gaza Strip cost the Palestinian enclave's economy an estimated $16.7 billion in just over a decade, the United Nations said Wednesday. The coastal enclave has been under an Israeli-enforced blockade since 2007, the year the Islamist movement Hamas took power. In the 11 ensuing years, its economic situation deteriorated dramatically, the UN Conference on Trade and Development found in a new report. Between 2007 and 2018, "the estimated cumulative economic cost of the Israeli occupation in Gaza under the prolonged closure and severe economic and movement restrictions and m
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