Israeli authorities triggered alerts for renewed missile attacks on Sunday, including around Tel Aviv, after Iranian missiles destroyed buildings overnight and killed at least 10 people, as President Donald Trump urged both sides to "make a deal.

At least three people were killed and scores were wounded during an aerial battle over Tel Aviv, as Iranian missiles rained down and Israeli rockets attempted to intercept them.

Tel Aviv stocks erased early losses and ended 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.