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Israel has conducted additional airstrikes on Iran, with Iran reporting over 1,300 fatalities. Meanwhile, Donald Trump's remarks have fueled expectations for an early resolution to the Middle East conflict, leading to a drop in international oil prices and a rise in stock markets.

Israel-Iran Military Conflict Intensifies

The Israel Defense Forces (IDF) announced that it has launched 'additional airstrikes' on Iranian targets in Tehran. In response, Iran's UN ambassador stated that the incident has resulted in over 1,300 fatalities, with approximately 10,000 civilian facilities damaged, of which 8,000 were residential homes. Israel's airstrikes are contributing to heightened tensions in the Middle East.

Global Market Trends Amidst Middle East Crisis

Investor optimism for a swift resolution to the Middle East conflict led to a 1.1% rise in the Australian stock market today. This rebound recovered approximately $35 billion in value after yesterday's $90 billion plunge. Oil prices, which briefly hit a four-year high earlier in the week, fell below $90 per barrel after US President Donald Trump hinted that the conflict with Iran would soon end, driving a surge in global stock markets.

*Source: The Guardian World (2026-03-10)*

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