Colombian President Gustavo Petro severs diplomatic ties with Israel over actions in Gaza, labeling them 'genocidal'.

The move follows Petro's suspension of weapon purchases and comparison of Israel's actions to Nazi Germany.

Israeli Foreign Minister Israel Katz denounces Petro as 'anti-Semite', but insists warm relations with Colombia will persist.

Petro's decision raises concerns over the future of Colombia-Israel commercial and military relationships, potentially impacting economic and defense sectors.

Colombia's reliance on Israeli military equipment in its domestic conflicts underscores the significance of the diplomatic rift.

Potential economic consequences for Colombia are substantial, with a risk of over USD 1 billion in lost exports.

The break in relations highlights broader international tensions surrounding the Israel-Palestine conflict.