(Bloomberg) -- The US and other world powers sought to prevent Israel and Hezbollah’s conflict turning into a full-blown war after a rocket attack that...
-- The US and other world powers sought to prevent Israel and Hezbollah ’s conflict turning into a full-blown war after a rocket attack that killed several children in the Israel i-occupied Golan Heights.
The shekel weakened more than 2% to 3.74 per dollar as of 1:30 p.m. in Tel Aviv. Israeli stocks sunk 2.3% on Sunday, the most since late October, though they pared some losses on Monday. There’s “no justification for terrorism,” US Secretary of State Antony Blinken said. “We also don’t want to see the conflict escalate.”
Israel and Iran exchanged direct fire in April. Netanyahu’s government responded to an unprecedented attack from Tehran — almost all of whose missiles and drones were intercepted and didn’t cause significant damage — with a limited airstrike on an Iranian air base following efforts by the Group of Seven to restrain Israel’s response and prevent a regional war.Hezbollah says it’s acting in solidarity with Hamas and Palestinians, and will stop firing on Israel if there’s a cease-fire in Gaza.
Hamas killed 1,200 people and took 250 hostage when it swarmed into southern Israel from Gaza on Oct. 7. More than 39,000 Palestinians have been killed since Israel began its retaliation, according to the Hamas-run health ministry in Gaza.The Lebanese group is far stronger than Hamas was before October, with more fighters, missiles and drones at its disposal. A full-on conflict would probably be devastating for both Lebanon and Israel, officials from both countries have warned.
Hezbollah has targeted Israel’s north and the Golan since the Gaza war began, launching more than 6,000 rockets and 300 drones at military and civilian targets. Israel has retaliated with attacks, mostly on southern Lebanon.
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