Nine in 10 German manufacturing companies expect the war in Iran to impact their business, a leading economic institute found on Tuesday. The Munich-based ifo Institute said only 9% of industrial firms reported in a survey that they do not foresee being affected by the conflict.

Russia is generating billions in revenues from its commodity exports due to the effective closure of the Strait of Hormuz, the German-Russian Foreign Trade Chamber reported on Tuesday. Russia’s profits from exporting oil, gas and fertilizer amount to more than €10 billion ($11.

Eleven people were killed in the strike, the Lebanese Health Ministry stated. The IDF struck terrorists operating in a Hamas training compound in the Ain al-Hilweh area in southern Lebanon, the military said Tuesday.