According to the report, the war is expected to result in a loss of 120 billion cubic meters of natural gas by the end of the decade. Israel is one of the countries that has not been directly harmed by the closing of the Strait of Hormuz, due to its domestic supply

Iran's latest proposal would set aside discussion of Iran's nuclear program until the war is ended and disputes over shipping from the Gulf are resolved. That is unlikely to satisfy the U.S., which says nuclear issues must be dealt with from the outset

In a separate incident, the IDF said troops attempted to intercept a 'suspicious aerial target' while operating in southern Lebanon. In an interview, U.S. Secretary of State Marco Rubio maintained Israel had 'a right to defend itself from an attack from Hezbollah elements'