Iran has launched its first military exercise since its 12-day war with Israel. State television reported that navy vessels would fire missiles at sea targets in the Gulf of Oman and the Indian Ocean on Thursday.

The Israeli military said it had called up an additional 60,000 reservists and extended the service of 20,000 "as part of the next phase" of Israel's military operation in Gaza.

Israel’s central bank left interest rates unchanged for a 13th consecutive time, as policymakers weigh a slowdown in the economy against ongoing uncertainty from the country’s nearly two-year war in Gaza.