Stephen Carroll

You can find new episodes of the Bloomberg Daybreak Europe podcast by 7am in Dublin or 8am in Brussels, Berlin and Paris on Apple, Spotify, YouTube or wherever you get your podcasts.

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.

The escalation comes after Hezbollah fired into Israel, saying it was acting in retaliation for the killing of Iran's supreme leader.

And those are your top stories.

On the markets, Eurostox 50 futures down 2.3%.

Cacaron futures 1.9% lower.

FTSE 100 futures are down by 0.8% on Wall Street.

S&P E-minis are down by 1.5% as well.

Oil prices now 9.4% higher for Brent crude, climbing towards $80 a barrel.

We've seen that jump in European natural gas prices as well.

The Bloomberg Dollar Spot Index up by 0.6%.