- Israel is intensifying strikes on Lebanon, targeting Hezbollah's command.
- Israel may have targeted Hashem Safieddine, the rumored successor of Hezbollah's assassinated leader.
Israel carried air strikes in the Lebanese capital of Beirut on Friday as it stepped up its efforts to dismantle Hezbollah's leadership.
According to The New York Times, citing Israeli officials, Israel targeted Hashem Safieddine, the rumored successor of Hezbollah's assassinated leader Hassan Nasrallah.
Safieddine is Nasrallah's cousin and reportedly one of Hezbollah's earliest members. It is not known whether he has been killed.
Israeli forces also said they had killed Mohammed Anisi, a senior Hezbollah militant, in Beirut.
Meanwhile, Israel blocked a major road near Lebanon's Masnaa border crossing with Syria that has been used by hundreds of thousands of people to escape Israeli air attacks, according to Lebanon's state-run National News Agency.
It came after Israeli warplanes bombed a medical site linked with Hezbollah in central Beirut on Thursday, killing at least nine people, Lebanese officials said.
Several airstrikes were also heard in Beirut's suburbs on Thursday, with one of them believed to have hit Hezbollah's media department, The Guardian reported.
More than 1,500 people have died in Israeli air strikes in Lebanon in recent weeks, according to Lebanese officials.
There are now growing fears that the conflict could transform into a full-blown war in the Middle East.
In a statement, G7 leaders called for restraint from all sides.
"A dangerous cycle of attacks and retaliation risks fueling uncontrollable escalation in the Middle East, which is in no one's interest," they said.
"We also reiterate our call for an immediate ceasefire in Gaza, the unconditional release of all hostages, a significant and sustained increase in the flow of humanitarian assistance, and an end to the conflict," they added.
Oil prices rose for a fourth day on Friday, fueled by speculation that the growing conflict could limit production.
Brent crude futures were up 55 cents, or 0.7%, at $78.17 a barrel as of 4:31 ET. US West Texas Intermediate crude futures were up 50 cents at $74.21 a barrel, according to Reuters.
President Joe Biden on Thursday said he is discussing whether the US would support an Israeli strike on Iran's oil facilities in retaliation for a missile attack by Tehran on Israel this week.
Any strike, however, would have major implications for the rest of the world.
In the US, there are fears that the industrial recession the economy is experiencing could snowball into a full-fledged downturn.
"Oil prices spiking, energy prices spiking in the past, have been enough to tip the economy from a slowing into a recession," Jake Oubina, a Piper Sandler economist, said Tuesday in an interview with Fox Business.