Israel announces the start of a ground operation in Southern Lebanon

Israeli military says it has begun limited, localized and targeted
raids against Hezbollah targets in the border area of southern
Lebanon

• Israeli military
  says these targets are located in villages close to the border and
  pose an immediate threat to Israeli communities in northern Israel
• Says Israeli air
  force and IDF artillery are supporting the ground forces with precise
  strikes on military targets in the area
• Says operations
  approved and carried out in accordance with decision of political
  echelon
• Says operation
  ‘Northern Arrows’ will continue according to the situational
  assessment and in parallel to combat in Gaza and in other arenas

Markets are concerned about escalation in the conflict, especially oil traders.

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This article was written by Eamonn Sheridan at www.forexlive.com.