The Latest: Israel and Iran exchange fire as hostilities escalate
Israel struck Iran Monday despite Trump urging Netanyahu to hold off, in the most serious exchange since an April ceasefire.

Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins. Stocks and bonds dropped as investors faced a trio of headwinds with a pullback in the artificial-intelligence trade, mounting bets on a US interest rate hike and rising oil prices due to a worsening of the Middle East conflict. Israel and Iran exchanged missile strikes on Monday despite President Donald Trump’s calls for both sides to halt the fighting and give peace talks a chance to succeed. And Intesa Sanpaolo offered to buy Monte dei Paschi for €30.6 billion ($35.3 billion) in a move that’s set to spur a new phase of dealmaking in Italian finance. Today's guest: Lauren van Biljon, Allspring Global Investments, Senior Portfolio Manager (Source: Bloomberg)
Israel struck Iran Monday despite Trump urging Netanyahu to hold off, in the most serious exchange since an April ceasefire.
The Iranian fire came after Israel launched strikes on central and western Iran early Monday in response to missile fire from Tehran.
Israel has launched airstrikes targeting central and western Iran in response to missile fire. Iranian state television has reported the sound of explosions being heard in Isfahan, Tabriz and Tehran.
Israel said it struck several military targets in Iran, retaliating against missile attacks by Tehran. The exchange is one of the most serious tests of a ceasefire that took effect on April 8 to halt fighting involving the US, Israel and Iran. Bloomberg's Abeer Abu Omar reports. (Source: Bloomberg)
Israel Defense Forces said Sunday night its air force “struck military targets belonging to the Iranian terror regime in western and central Iran” after Iran fired missiles toward Israel earlier in the day. The announcement came hours after President Donald Trump told Israeli Prime Minister Benjamin Netanyahu “not to retaliate against Iran’s missile attack and […]
The Israeli Air Force conducted strikes on military targets in central and Western Iran on Monday local time, Israel Defense Forces said in a statement. Why it matters: The strikes, in retaliation for an Iranian missile attack against Israel, mark a new phase in a growing escalation that started on Sunday morning. This is the first time Israel has struck Iran since the April 8 ceasefire. Iran had threatened to expand its attacks and target U.S. bases in the region if Israel retaliated. Further exchanges of fire could unravel the negotiations between the U.S. and Iran and lead to the resumption of the war.President Trump told Israeli Prime Minister Benjamin Netanyahu several hours before the strikes to stand down and refrain from retaliating. State of play: Eplosions were heard in the Iranian cities of Tehran, Karaj, Isfahan, Tabriz and Kermanshah, according to Iranian state media. Go deeper: Israel strikes Beirut after Hezbollah attack, risking Iran responseEditor's note: This is a breaking news story. Please check back for updates.