Tel Aviv shares open lower in first trading session since Israel-Iran attacks began
JERUSALEM, June 15 (Reuters) - Tel Aviv stocks opened lower on Sunday in the first trading session since the start of a wave of missile strikes between Israel and Iran on Friday.
The blue-chip Tel Aviv 35 index (.TA35), opens new tab was 1.5% lower, while the broader TA-125 (.TA125), opens new tab index was down 1.4%.
Israel and Iran launched fresh attacks on each other overnight into Sunday for a second straight day.
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Sky News
2 hours ago
- Sky News
Israel-Iran live: Explosions reported in central Tehran as strikes exchanged; Trump says countries 'will make deal'
Another airline cancels flights to Israel Another airline has cancelled flights in the region, due to the escalating conflict. Etihad Airways has cancelled flights between Abu Dhabi and Tel Aviv until June 22, it has said today. "This remains a developing situation, and some disruption and delays may be expected in the coming days," it said in a statement. It follows a raft of other airlines that have cancelled flights. Israeli airline El Al said it is moving its planes out of Israel in anticipation of Iranian attacks on Ben Gurion airport. Aegean Airlines said it is suspending all flights to and from Tel Aviv. Emirates Airlines said certain flights were cancelled "due to the current situation". Although planes were initially unable to fly over some parts of the Middle East, Syria has joined Jordan and Lebanon in reopening airspace today. Watch: How the Israel-Iran conflict unfolded At least 14 nuclear scientists killed in Israeli attacks - sources According to two sources cited by Reuters news agency in the Gulf, Israel has killed at least 14 nuclear scientists since launching its attack on Iran. These attacks have included car bombs, they added. Israel, which has not signed the global nuclear non-proliferation treaty (NPT) and is widely believed to possess nuclear weapons, says it aims to stop Iran from developing atomic weapons. The International Atomic Energy Agency declared on Thursday Iran is in breach of NPT obligations. Read more on that in the link below... Trump says Iran-Israel deal will happen 'just like India and Pakistan' Donald Trump has posted on his social media platform, Truth Social. Iran and Israel "should make a deal, and will make a deal", he wrote. "...just like I got India and Pakistan to make," he added. "We will have PEACE, soon, between Israel and Iran! Many calls and meetings now taking place. "I do a lot, and never get credit for anything, but that's OK, the PEOPLE understand. "MAKE THE MIDDLE EAST GREAT AGAIN!" Tehran explosion was reported in area where Iran's air force HQ is located - report We've got a bit more information on the explosions reported in Tehran a short while ago - see our 13.13 post. Tasnim news agency reported one blast happened in the Vali-e-Asr Square area in the centre of the city. Another explosion was heard in the Niroo Havaei neighbourhood, in the east of the city, where the air force headquarters are located. Israelis told they can leave shelters after air raid alerts Following the launch of Iranian missiles towards Israel - see our 14.13 post - the IDF has now cleared residents to leave shelters. "Following the situational assessment, the Home Front Command published that it is now permitted to leave protected spaces in all areas across the country," the military said. The IDF said most of the missiles were intercepted and there have been no reports of fallen projectiles. The country's emergency service, Magen David Adom, said there have been no casualties or injuries following the latest round of air raid sirens. Timeline: How the conflict between Israel and Iran has unfolded The conflict between Israel and Iran was once played out in a series of proxy wars. On Friday morning, it escalated - with blasts in Tehran as Israel carried out a major attack on its nuclear capabilities. Iran quickly retaliated with a wave of missiles. Attacks have been exchanged ever since, with explosions reported in both countries just this afternoon. In the link below, we plot a timeline of how the conflict has unfolded over the past three days... Missiles launched at Israel from Iran - with explosion heard in Tel Aviv Air raid sirens are sounding in Jerusalem and Tel Aviv, with Israel's military reporting missiles heading towards the country. Iran's state media says ballistic missiles have been launched at Israel. Reuters news agency reports an explosion has been heard in Tel Aviv. This is the first time Iran has fired missiles during the day. The IDF said: "A short while ago, the IDF identified missiles launched from Iran toward the territory of the State of Israel. "Defensive systems are operating to intercept the threat. Upon receiving an alert, the public is instructed to enter a protected space and remain there until further notice." Iran denies reports it has asked Cyprus to relay messages Earlier, Cyprus's president said Iran had asked them to convey "some messages" to Israel. Iran's foreign ministry spokesperson Esmail Beghani has denied Tehran has asked any third country to communicate with Israel. Christodoulides has spoken to Benjamin Netanyahu today, as well as the leaders of Egypt, the UAE and Greece, his office said. Iranian president warns response will be 'more severe' Masoud Pezeshkian has warned Iran's reaction will be "more decisive and severe" if Israel continues its attacks. That's according to comments cited by news agency IRNA. He added Iran's military has so far responded "strongly and appropriately". Iran launched at least two waves of missile attacks on Israel overnight, appearing to cause more casualties and damage than the previous night.
Reuters
3 hours ago
- Reuters
German chancellor urges G7 to show unity in tackling Israel-Iran conflict
BERLIN, June 15 (Reuters) - German Chancellor Friedrich Merz said on Sunday he hoped agreement could be reached on four points at an upcoming Group of Seven (G7) summit in pursuit of a resolution to the conflict between Israel and Iran. Speaking as he prepared to fly to Canada for the meeting, Merz said he expected the Middle East conflict to be high on the agenda and that he hoped the G7 could demonstrate unity. The four points were: that Iran cannot develop or posses nuclear weapons; that Israel has the right to defend itself against existential threats, which he said Iran's nuclear programme represented; thirdly, the conflict should not escalate; and fourthly that scope for diplomacy must be created. "I would like to add that in Germany we are also getting ready in case Iran should target Israeli or Jewish targets in Germany," Merz told reporters, without going into more detail. Merz said the war in Ukraine would also be discussed by the G7 and that more pressure needs to be put on Russia to bring it to the negotiating table. To that end, European leaders wanted to agree new sanctions on Moscow at the end of this month, he said. Merz said economic issues would also be on the agenda and said efforts would be directed towards reaching an agreement over tariffs following the Trump administration's decision to impose them on its key trade partners earlier this year.
Reuters
4 hours ago
- Reuters
India Prime Minister Modi visits Cyprus to advance trade corridor plans
NICOSIA, June 15 (Reuters) - Indian Prime Minister Narendra Modi arrived in Cyprus on Sunday in a visit focused on the potential role the island could play in linking India to Europe via a trade corridor, officials said. Modi, who was on his way to a summit of the G7 group of nations in Canada, and Cypriot President Nikos Christodoulides were scheduled to address business leaders on Sunday and hold formal talks on Monday. India is pursuing the so-called India-Middle East-Europe Corridor (IMEC) trade link by sea and rail, but the visit is being held in the shadow of a rapidly escalating crisis in the Middle East. "One of the objectives of our discussions is the connection of India with Europe through the region of the wider Middle East, (and) its entry into Europe through the Republic of Cyprus," Christodoulides told journalists earlier Sunday. The two-day visit is part of a broader diplomatic outreach to European nations. Cyprus assumes the rotating EU presidency for six months in early 2026. The two countries have close relations through their shared membership of the Commonwealth.
