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Brent futures were down $4.13, or 5.43 per cent, at $71.92 a barrel at 1445 GMT, while WTI US crude futures lost $4.04, or 5.63 per cent, to $67.74
Israeli officials said that, for security reasons, the cabinet wouldn't meet at its usual place in Prime Minister Benjamin Netanyahu's office in Jerusalem
Israel's military said it detained 100 suspected Hamas militants in a raid on a hospital in northern Gaza over the weekend. Israeli forces raided Kamal Adwan Hospital in Beit Lahiya on Friday, detaining 44 male staff, according to the World Health Organisation. Palestinian medical officials said the hospital, which was treating some 200 patients, was heavily damaged in the raid. Israel has raided several hospitals in Gaza over the course of the yearlong war, saying Hamas and other militants use them for military purposes. Palestinian medical officials deny those allegations and accuse the military of recklessly endangering civilians. The Israeli military has called on Palestinians to evacuate northern Gaza, where it has been waging a large offensive for more than three weeks. The UN said earlier this month at least 400,000 people are still in northern Gaza and hunger is rampant as the amount of humanitarian aid reaching the north has plummeted over the past month. Israel's offensiv
Iran's President Masoud Pezeshkian said on Sunday that Tehran was not looking for war with Israel but will respond "appropriately" to Israel's strikes on Saturday on Iranian military sites
Though Tehran has played down the extent of the damage, the Iranian regime has not ruled out a response
The social platform X has suspended a new account on behalf of Iran's Supreme Leader Ayatollah Ali Khamenei that posted messages in Hebrew. The account was suspended early Monday with a brief note appended to it saying: X suspends accounts which violate the X Rules. It wasn't immediately clear what the violation was. The Elon Musk-owned social media company did not respond to a request for comment from The Associated Press. The move came after Israel openly attacked Iran for the first time this weekend. Khamenei said in a speech on Sunday that Israel's strikes in response to Iran's ballistic missile attack this month should not be exaggerated nor downplayed, while stopping short of calling for retaliation. The X account opened Sunday with a message in Hebrew reading: In the name of God, the most merciful, a standard Islamic greeting. Khamenei's office has maintained multiple accounts for the 85-year-old supreme leader on X for years and has sent messages in a variety of language
Experts said positive thing from the markets was Iran downplaying the attack by Israel, which was limited to missile and air defence sites and avoided nuclear, oil, and civilian infrastructure sites
Israel's latest strike against Iran may actually de-escalate regional tensions - for now, at least
However, the strike was criticized for not inflicting serious damage to either Iranian economics by striking oil reserves or to Iran's nuclear program
This comes after Israel Defence Forces (IDF) on Saturday announced that its military had conducted precise strikes on Iranian military targets
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Israel's air strikes resulted in at least seven explosions in and around Tehran and targeted its three military bases in Tehran, Ilam, and Khuzestan
Notably, this Israeli strike on Iran is in response to "relentless attacks" from Iran and its proxies since October 7
Israel launched massive strikes targeting Iranian military sites on pre-dawn Saturday, triggering fears that a fresh round of escalation could erupt in West Asia
The White House indicated that Israel's strikes on Iran should end direct exchange of fire between the two enemy countries, while warning Tehran of consequences should it respond. A senior White House official said the administration believed the Israeli operation should close out the direct military exchange between Israel and Iran, and said other allies were in agreement. United States President Joe Biden was updated throughout the day on Friday as the operation was developing and by his national security adviser, Jake Sullivan, as the operation was carried out by the Israelis, the official said. The official, who briefed reporters on the condition of anonymity under ground rules set by the White House, said the Israeli operation was extensive, it was targeted, it was precise. The official underscored that the US had no involvement in the strike.
Multiple explosions were heard in the Iranian capital Tehran but there was no immediate confirmation of casualties. Israel did not elaborate on the exact nature of its strikes
The Israeli military launched strikes early Saturday on military targets in Iran, officials said. It wasn't immediately clear what the targets were. Iranian state media reported the sound of explosions around Iran's capital, Tehran, without immediately elaborating. An Israeli military statement said that Israel has the right and the duty to respond. The regime in Iran and its proxies in the region have been relentlessly attacking Israel since October 7 on seven fronts including direct attacks from Iranian soil, the statement read. It also did not elaborate on the targets. Iranian state television later identified some of the blasts as coming from air defense systems, without offering more details. Iran has launched two ballistic missile attacks on Israel in recent months. THIS IS A BREAKING NEWS UPDATE. AP's earlier story follows below.
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Those killed included cameraman Ghassan Najjar and engineer Mohamed Reda who worked for pro-Iranian news outlet Al-Mayadeen and one cameraman who worked for Hezbollah's Al-Manar
On October 18, India had dispatched the first tranche of 11 tons of medical supplies to Lebanon as part of a humanitarian effort to support the nation amid rising tensions and the ongoing conflict