Stephen Carroll

Oil companies are gaining too along with the jump in oil prices.

Shells up by 6.1% BP and total energy up around 5.9% each.

I'm Stephen Carroll and this is Bloomberg.

Hello, I'm Stephen Carroll.

I'm in Brussels, where many of Europe's biggest decisions get made.

We're up early every weekday, keeping an eye on what's happening across Europe and around the world.

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And I'm Stephen Carroll.

Projectiles struck buildings and killed civilians in Israel, while defences in Saudi Arabia, Qatar, Bahrain and Kuwait continue to intercept incoming fire.

Speaking to ABC News on Sunday, Iran's Foreign Minister Abbas Arauchi defended the regime's strikes.

Iran's Foreign Minister Abbas Araghchi speaking there as Trump said in a brief interview with the New York Times on Sunday that the assault on Iran could last for four or five weeks.

Officials in Tehran yesterday said the death toll in the country was already over 200, with that figure expected to rise significantly.

European gas prices have surged at the start of trading over fears of disruption to the transport of liquefied natural gas through the Strait of Hormuz off Iran's coast.

The Dutch TTF benchmark and UK benchmark prices both jumped by more than 20%.

Bloomberg's Tiwa Adebayo has more.

The Israeli military says it's starting an offensive campaign against Hezbollah in Lebanon that could last several days.

The AFP news agency reports that strikes have so far killed more than 30 people.