Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Headlines > Israel-Iran battle escalates, civilians urged to evacuate target areas
    Headlines

    Israel-Iran battle escalates, civilians urged to evacuate target areas

    Published by Global Banking & Finance Review®

    Posted on June 14, 2025

    5 min read

    Last updated: January 23, 2026

    Israel-Iran battle escalates, civilians urged to evacuate target areas - Headlines news and analysis from Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:insurancefinancial crisiseconomic growthinvestmentforeign exchange

    Quick Summary

    Israel and Iran's conflict escalates with fresh attacks, urging civilian evacuations and raising fears of a broader regional war.

    Escalation of Israel-Iran Conflict Forces Civilian Evacuations

    By Alexander Cornwell, Parisa Hafezi and Steve Holland

    BAT YAM, Israel/DUBAI/WASHINGTON (Reuters) -Israel and Iran launched fresh attacks on Sunday, killing and wounding civilians and raising concerns of a broader regional conflict, with both militaries urging civilians on the opposing side to take precautions against further strikes.

    German Chancellor Friedrich Merz said he hoped a meeting of the Group of Seven leaders in Canada on Sunday would reach an agreement to help resolve the conflict and keep it from escalating.

    Iran has told mediators Qatar and Oman that it is not open to negotiating a ceasefire with the U.S. while it is under Israeli attack, an official briefed on the communications told Reuters on Sunday.

    The Israeli military, which launched the attacks on Friday with the stated aim of wiping out Iran's nuclear and ballistic missile programs, warned Iranians living near weapons facilities to evacuate.

    "Iran will pay a heavy price for the murder of civilians, women and children," Israeli Prime Minister Benjamin Netanyahu said from a balcony overlooking blown-out apartments where six people were killed in Bat Yam, a town south of Tel Aviv.

    Iran's armed forces told residents of Israel to leave the vicinity of "vital areas" for their safety.

    NIGHTFALL RAID

    Explosions rattled Tel Aviv in the afternoon as Iran launched its first daylight missile raid since Israel attacked on Friday. At least 10 people, including children, have been killed so far, according to Israeli authorities.

    Hours later, shortly after nightfall, Iran launched a second wave of missiles, which struck a residential street in Haifa, a mixed Jewish-Arab city in northern Israel. The national emergency service reported nine people were injured in the strike, along with two others following a missile impact in the south.

    In Bat Yam on Sunday evening, shocked residents surveyed the damage of an overnight strike, while many across Israel braced for another sleepless night, unsure of what may come next.

    "It's very dreadful. It's not fun. People are losing their lives and their homes," said Shem, 29, whose home was shaken overnight when a missile struck a nearby apartment tower.

    Images from Tehran showed the night sky lit up by a huge blaze at a fuel depot after Israel began strikes against Iran's oil and gas sector - raising the stakes for the global economy and the functioning of the Iranian state.

    An Iranian health ministry spokesperson, Hossein Kermanpour, said the toll since the start of Israeli strikes had risen to 224 dead and more than 1,200 injured, 90% of whom he said were civilians. Those killed included 60 on Saturday, half of them children, in a 14-storey apartment block flattened in the Iranian capital. 

    TRUMP VETOES PLAN TO TARGET KHAMENEI, OFFICIALS SAY

    In Washington, two U.S. officials told Reuters that U.S. President Donald Trump had vetoed an Israeli plan in recent days to kill Iran's Supreme Leader Ayatollah Ali Khamenei.

    "Have the Iranians killed an American yet? No. Until they do we're not even talking about going after the political leadership," said one of the sources, a senior U.S. administration official.

    When asked about the Reuters report, Netanyahu told Fox News on Sunday: "There's so many false reports of conversations that never happened, and I'm not going to get into that." 

    "We do what we need to do," he told Fox's "Special Report With Bret Baier."

    Regime change in Iran could be a result of Israel's military attacks, Netanyahu said in the interview, adding that Israel would do what it takes to remove what he called the "existential threat" posed by Tehran. 

    Israel's military spokesperson has said the current goal of the campaign is not regime change, but the dismantling of Iran's nuclear and ballistic missile programs and removing its capabilities "to annihilate us".

    Israel launched a surprise attack on Friday morning that wiped out the top echelon of Iran's military command and damaged its nuclear sites, and says the campaign will escalate in coming days.

    The intelligence chief of Iran's Revolutionary Guards, Mohammad Kazemi, and his deputy were killed in Israeli attacks on Tehran on Sunday, Iran's semi-official Tasnim news agency said.

    Iran has vowed to "open the gates of hell" in retaliation in what has emerged as the biggest-ever confrontation between old enemies.

    TRUMP WARNS IRAN NOT TO ATTACK

    Trump has lauded Israel's offensive while denying Iranian allegations that the U.S. has taken part. 

    "If we are attacked in any way, shape or form by Iran, the full strength and might of the U.S. Armed Forces will come down on you at levels never seen before," he said in a message on the Truth Social platform. "However, we can easily get a deal done between Iran and Israel, and end this bloody conflict."

    Trump had earlier said the U.S. had no role in Israel's attack and warned Tehran not to widen its retaliation to include U.S. targets. The U.S. military has helped shoot down Iranian missiles that were headed toward Israel, two U.S. officials said on Friday. 

    The U.S. president has repeatedly said Iran could end the war by agreeing to tough restrictions on its nuclear programme, which Iran says is for peaceful purposes but Western countries say could be used to make an atomic bomb.

    The latest round of nuclear negotiations between Iran and the U.S., due on Sunday, was scrapped after Tehran said it would not negotiate while under Israeli attack.

    Financial markets are holding their breath to see whether oil prices surge further when trading resumes on Monday, with potentially punishing consequences for the global economy, or settle down on hopes that Gulf exports will escape relatively unscathed.

    Oil prices already shot up by 9% on Friday before Israel had struck any Iranian oil and gas targets.

    (Reporting by Reuters; Writing by Jonathan Spicer and Howard Goller; Editing by Kevin Liffey, Peter Graff, Giles Elgood and Paul Simao)

    Key Takeaways

    • •Israel and Iran have launched fresh attacks, escalating tensions.
    • •Civilians are being urged to evacuate target areas for safety.
    • •The conflict raises concerns of a broader regional war.
    • •Global economic impacts are feared due to attacks on oil sectors.
    • •Diplomatic efforts are underway to resolve the conflict.

    Frequently Asked Questions about Israel-Iran battle escalates, civilians urged to evacuate target areas

    1What triggered the recent escalation between Israel and Iran?

    The escalation was triggered by Israel's attacks aimed at dismantling Iran's nuclear and ballistic missile programs, which led to Iran launching missile raids in response.

    2How many casualties have resulted from the conflict so far?

    According to an Iranian health ministry spokesperson, the toll has risen to 224 dead and over 1,200 injured, with 90% of the casualties being civilians.

    3What has been the international response to the conflict?

    German Chancellor Friedrich Merz expressed hope for a resolution during a G7 meeting, while U.S. President Trump warned Iran against further attacks, emphasizing the U.S. military's readiness.

    4What are the economic implications of the conflict?

    Financial markets are anxious about potential surges in oil prices due to the conflict, which could have severe consequences for the global economy.

    5What did Iran communicate regarding ceasefire negotiations?

    Iran has informed mediators Qatar and Oman that it is not open to negotiating a ceasefire with the U.S. while it is under Israeli attack.

    More from Headlines

    Explore more articles in the Headlines category

    Image for Exclusive-US plans initial payment towards billions owed to UN-envoy Waltz
    Exclusive-US plans initial payment towards billions owed to UN-envoy Waltz
    Image for Trump says good talks ongoing on Ukraine
    Trump says good talks ongoing on Ukraine
    Image for France to rally aid for Lebanon as it warns truce gains remain fragile
    France to rally aid for Lebanon as it warns truce gains remain fragile
    Image for Exclusive-US aims for March peace deal in Ukraine, quick elections, sources say
    Exclusive-US aims for March peace deal in Ukraine, quick elections, sources say
    Image for Ukraine's Zelenskiy calls for faster action on air defence, repairs to grid
    Ukraine's Zelenskiy calls for faster action on air defence, repairs to grid
    Image for Olympics-Italy's president takes the tram in video tribute to Milan transport
    Olympics-Italy's president takes the tram in video tribute to Milan transport
    Image for Goldman Sachs teams up with Anthropic to automate banking tasks with AI agents, CNBC reports
    Goldman Sachs teams up with Anthropic to automate banking tasks with AI agents, CNBC reports
    Image for Analysis-Hims' $49 weight-loss pill rattles investor case for cash-pay obesity market
    Analysis-Hims' $49 weight-loss pill rattles investor case for cash-pay obesity market
    Image for Big Tech's quarter in four charts: AI splurge and cloud growth
    Big Tech's quarter in four charts: AI splurge and cloud growth
    Image for Exclusive-Bangladesh PM front-runner rejects unity government offer, says his party set to win
    Exclusive-Bangladesh PM front-runner rejects unity government offer, says his party set to win
    Image for Azerbaijan issues strong protest to Russia over lawmaker's comments on Karabakh trial
    Azerbaijan issues strong protest to Russia over lawmaker's comments on Karabakh trial
    Image for UK police search properties in probe into Mandelson over Epstein ties
    UK police search properties in probe into Mandelson over Epstein ties
    View All Headlines Posts
    Previous Headlines PostInvestors unnerved as Israel-Iran conflict fuels oil market rally
    Next Headlines PostTrump says 'war in Israel-Iran should end'