Israel warns Lebanon of ‘heavy price’ as bombs hit Beirut
Israel's Defense Minister Israel Katz on Saturday warned the Lebanese government to disarm Hezbollah or "pay a very heavy price."
"We (ISRAEL) have no territorial claims against Lebanon, but we will not accept a situation where what existed for many years — firing from Lebanese territory toward the State of Israel — is renewed," Katz said in a statement. "Therefore, we are turning and warning: act and take action before we act even more."
Hezbollah said on Sunday that it had attacked a naval base in Haifa and launched a swarm of drones at the city of Nahariya, among other attacks on northern Israel.
Market reaction
At the time of writing, the West Texas Intermediate (WTI) is up 15.62% on the day at $102.95.
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