Saudi king offers Lebanon $1.5bn

Saudi king offers Lebanon $1.5bn: "'Saudi Arabia warns everybody that if the peace option fails because of Israeli arrogance, there will be no other option but war,' he was quoted as saying by state media.

Saudi Arabia and Egypt have called for an immediate halt to the Israeli offensive but have also blamed Hezbollah for starting the fighting.

That criticism sparked a wave of anger in the Arab world."

(Via BBC News.)