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Israel-Hezbollah Conflict Escalates, 394 Dead, Oil Prices Surge

3/8/2026

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Israel Escalates Conflict
  • The conflict between Israel and Hezbollah intensified, with at least 394 deaths in Lebanon, including 83 children.
  • Israel's military operations intensified after Hezbollah's rocket attacks, triggering airstrikes in Lebanon and Iran.
  • Iran's President Masoud Pezeshkian issued mixed messages, apologizing for attacks on neighboring countries and vowing retaliation against U.S. and Israeli forces.
  • The war disrupted global markets as oil prices rose sharply.
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