"Hamas chose to escalate the situation and it will pay a heavy price for doing so," Netanyahu said during a high level discussion in Tel Aviv.
Netanyahu said that the time had come to "take off the gloves" against Hamas.
Defence Minister Moshe Ya'alon, Chief of Staff Lieut Gen Benny Gantz and Israel's internal security agency Shin Bet's Chief Yoram Cohen attended the meeting, along with other defence officials.
"The Prime Minister instructed the army to be ready to go all in. A ground offensive is on the table," he added.
The decision comes in the wake of foreign minister Avigdor Lieberman, leader of the ultranationalist Yisrael Beitenu party, snapping a 20-month-old alliance with the ruling Likud Party yesterday, over the fractious coalition's response to frequent attacks by Hamas.
An Israeli air strike on a car in Gaza City killed four people today, Palestinian medics said.
So far, 48 Palestinians have been wounded, four of them seriously, medics said.
According to media reports, the defence minister and the Chief of Staff asked for additional reservists to be called up.
The official added that the purpose of the operation is to exact a heavy price from Hamas, in order to restore deterrence and calm in the south.
"Our increased response will be well felt on the ground," he said.
Palestinian president Mahmud Abbas today demanded immediate halt of all military operations against Gaza.
"Palestinian president Mahmud Abbas demanded Israel immediately stop its escalation and the raids on Gaza," said a statement from his office.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
