The aerial war between Israel and Iran has been playing out over the skies of the Levant, prompting concerns in each country about its effects on internal stability and their strategic position.Iraq has condemned the Israeli strikes on Friday that ignited the war.

Israel's attack on Iran lifted the dollar ahead of the weekend, but it barely rose above the previous session's high.

Iran’s “Axis of Resistance,” the network of militias it has fostered in the Middle East to help it fight Israel, has become seriously degraded, experts say.

Through its proxies, Iran once dominated the Middle East. After October 7 and the current war with Iran, the Islamic Republic's position in the Middle East might shift.

"Our support for Gaza and our defense of our country against the Zionist aggression against it has continued," a Houthi source told Newsweek.

The most frightening scenario, considering the strategy Israel has employed in Lebanon, would be a series of attacks targeting lower-level figures, which could escalate to higher-level figures depending on the response or lack thereof, creating an even more frightening scenario than the current one.

Iran will now feel it is at a crossroads in terms of how to respond. The region will feel it is sitting on a kind of volcano – one that it hoped would stay dormant.

Lebanese Hezbollah’s military defeat after 14 months of conflict with Israel has left it politically and militarily constrained and in no position to support its ally Iran in any future confrontation with Israel,

Lebanese journalist Raghida Dergham and former Mossad analyst Sima Shine spoke about Iran's waning power after the decimation of Hezbollah and the fall of Bashar al-Assad in Syria.

The official tells Reuters that over 150 targets in Iran have been attacked. Most drones and missiles that have been launched towards Israel have been intercepted, the official says. Iranian state media has reported that 60 people, including 20 children, have been killed in an Israeli strike on Friday on a residential building in Tehran.