The World Bank announced on Wednesday it had approved a $250 million project to support Lebanon's reconstruction and recovery following last year's devastating war between Israel and Hezbollah.

Israel's Prime Minister Benjamin Netanyahu said it was a "very difficult day" Wednesday after seven soldiers were killed in combat in Gaza, where Israel's war against Hamas was in its 21st month.

"It is a very difficult day for the people of Israel," Netanyahu wrote on X.

U.S. President Donald Trump said on Wednesday that the ceasefire that ended 12 days of war between ally Israel and Iran was going "very well", while leaked U.S. intelligence cast doubt on the damage caused by U.S. strikes to Tehran's nuclear program.

U.S. President Donald Trump said Wednesday that "great progress" was being made to end the Israel-Hamas war in Gaza as a new ceasefire push began more than 20 months since the start of the conflict.

Iran said Tuesday it had begun efforts to rebuild residential areas and public infrastructure damaged in Israeli strikes over 12 days.

"We witnessed attacks on residential areas, as well as on scientific centres, research institutes, healthcare facilities and civilians... therefore we are facing a major task ahead in terms of reconstruction," government spokeswoman Fatemeh Mohajerani told state TV, adding that the authorities have begun to assess the extent of the damage.

Oil prices accelerated losses on Tuesday after U.S. President Donald Trump said China can continue to buy Iranian oil, providing reassurance over crude supply in Middle East.

International benchmark Brent slumped 4.5 percent to $68.26 per barrel, while the main US crude contract WTI shed 4.6 percent to $65.34, after plunging earlier over a fragile Iran-Israel ceasefire.

Israeli Prime Minister Benjamin Netanyahu's office said the country "refrained" from further strikes on Iran on Tuesday after he spoke with U.S. President Donald Trump in a call.

Israel accused Iran of violating a fragile ceasefire agreement on Tuesday morning by firing two missiles, with Defense Minister Israel Katz immediately promising "to respond forcefully".

U.S. President Donald Trump said Tuesday he would "probably" meet Ukrainian President Volodymyr Zelensky on the sidelines of a NATO summit in The Hague.

"Yeah probably I'll see him," Trump told reporters on Air Force One.

Gaza's civil defense agency said Israeli forces killed 25 people waiting for aid in the south of the Palestinian territory in the second such incident on Tuesday, bringing the number of aid seekers killed to 46.

Civil defense spokesman Mahmoud Bassal told AFP that 25 people were killed and dozens wounded when "Israeli forces targeted civilian gatherings near Al-Alam and Al-Shakoush areas with bullets and tank shells as they attempted to reach an aid center in northwest Rafah, about two kilometers from a U.S.-backed aid distribution point."

Mediator Qatar’s said Tuesday it was working on resuming Gaza ceasefire talks in days, urging Israel not to exploit a truce with Iran to "unleash everything it wants to unleash" on the blockaded strip.

"We are still continuing our efforts, and God willing, we will try to look for an opportunity during the next two days for having indirect negotiations between the two parties... We hope that the Israeli side will not exploit the ceasefire with Iran to unleash what it wants to unleash on Gaza and continue its bombing of" the strip, said Sheikh Mohammed bin Abdulrahman bin Jassim Al-Thani during a joint press conference with his Lebanese counterpart.