Israel and Iran have opened a new chapter in their long history of conflict. Israel launched a major attack with strikes early Friday that set off explosions in the Iranian capital of Tehran.

Emergency services say ten have been killed in Israel, while Iranian state media have given little information about casualties in Iran.

Tel Aviv stocks erased morning losses and moved nearly 1% higher on Sunday in the first trading session since the start of a wave of missile strikes between Israel and Iran on Friday, as Israel and its economy attempt to remain as open as possible.

Israel’s military said it shot down 20 drones en route to Israel on Sunday. It comes after it reported striking 80 targets in Iran overnight, including the headquarters of the Ministry of Defense and the headquarters of the Organization of Defensive Innovation and Research,

Following Russia's full scale invasion of Ukraine in 2022, oil prices spiked to nearly $130 a barrel, contributing to higher prices for UK shoppers on everything from transport to food. However the cost of a barrel of oil, currently around $75, is still lower than it was in January.

Iran has asked Cyprus to convey "some messages" to Israel, President Nikos Christodoulides said on Sunday, adding he expected to speak to Prime Minister Benjamin Netanyahu later in the day.He did not say who specifically the messages were from or what they said,

Russia has maintained a delicate balancing act in the Middle East for decades, trying to navigate its warm relations with Israel even as it has developed strong economic and military ties with Iran.

While Israel and Iran trade attacks, Palestinians in Gaza have been struggling to find food, connect to the internet and survive airstrikes.