The head of Lebanon's largest Christian party said Iran-backed Hezbollah should relinquish its weapons as quickly as possible to end its year-long war with Israel and spare Lebanon further death and destruction.

Report says losses concentrated in commerce, tourism, hospitality and agriculture, in addition to damage to physical structures; final costs expected to be far higher

The World Bank says the Israel-Hezbollah war has cost Lebanon $8.5 billion in physical damages and economic losses. Housing has borne the brunt of the destruction with nearly 100,000 units damaged.

There will be no cease-fire in Lebanon, Israel's new defense minister declared Tuesday, countering claims from Israel's foreign minister, who said that progress had been made to end the fighting with Hezbollah.

Israel will attack any attempt to bring weapons to Hezbollah from Syria, Israel's military spokesperson said on Thursday. "We are identifying rockets and other weapons that Hezbollah is launching at Israeli territory that were manufactured in Syria,