Israeli authorities triggered alerts for renewed missile attacks on Sunday, including around Tel Aviv, after deadly Iranian missiles destroyed buildings overnight and President Donald Trump urged both sides to "make a deal.

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.

Explosions have been seen over Tel Aviv and Jerusalem as the country faces yet another barrage of missiles from Iran. It comes after explosions were reported in central Tehran, as attacks continue between Iran and Israel.