Daylight on Sunday revealed the massive destruction caused by Iranian missiles in the Israeli city of Bat Yam, near Tel Aviv. Destroyed buildings and ruined cars littered the streets.

Tel Aviv stocks erased morning losses and moved nearly 1% higher on Sunday in the first trading session since the start of a wave of missile strikes between Israel and Iran on Friday, as Israel and its economy attempt to remain as open as possible.

Emergency services say ten have been killed in Israel, while Iranian state media have given little information about casualties in Iran.

Dozens of ballistic missiles struck Tel Aviv, Israel’s second largest city, and other sites in the country on Friday in what the IDF said was an attack on civilians. Footage showed at least one high-rise building badly damaged in the city centre. It was not immediately clear whether it had taken a direct hit.

Iran launched dozens of ballistic missiles toward Israel on Friday night in retaliation for Israel's surprise attack early Friday. Israel struck at the heart of the Iran's nuclear program, killing several nuclear scientists as well as high-ranking military leaders, according to Israeli officials.

Fox News reporter Trey Yingst was standing on a balcony as short-range missiles behind him appeared to come closer before being intercepted by Israel's Iron Dome defense system. The footage of the incident preceded a night in which Israel and Iran traded fire, with explosions heard in Tel Aviv, Jerusalem and Tehran.