Officials and diplomats indicate attacks were limited and sought to avoid full-blown escalation
The standoff with Israel has done little to raise Tehran’s regional standing
While the reaction to the latest hostilities has been tame, the global economy is too fragile for a new crisis
While risk of immediate all-out war has been averted, the danger for Middle East has far from passed
Humanitarian situation in Palestinian enclave remains dire, says EU’s top diplomat
Revolutionary Guards issue warning as US announces new sanctions
Also in this newsletter: Competition hawks fret over Enrico Letta’s plans for EU merger rules
Country divided over how and when to retaliate after drone-and-missile barrage launched by Islamic regime
UK foreign secretary calls on Jewish state to do ‘as little to escalate this as possible’ amid fears of regional war
Also in this newsletter: EU citizens care more about security and defence than climate
Full-scale conflict has depleted Ukrainian defences, and Israel could face a similar plight despite successful interceptions
Beijing reforms unloved SOEs to win back investors
Most European capitals support tougher stance but are wary of designating Revolutionary Guards a terror group
UK warns any escalation is in no one’s interest and would deepen insecurity in region
International pressure mounts on Jewish state to show restraint
Whatever form direct retaliation takes, analysts warn there is a high risk of miscalculation — and further escalation
Senior Israeli military chief vows country will respond to Tehran’s attack
Oil prices recover as tech stocks lead US equities markets sharply lower and Treasury yields climb
Jordan is facing scrutiny at home for helping to repel Iranian drone and missile attack on Israel
Also in this newsletter: new chip boost for Biden, dividends bonanza at water companies, bumper profits at Goldman
Brent crude has struggled to stay above $90 despite Tehran’s attacks on Israel this weekend
The impact of world events on the oil price has declined over time
Macron warns of risk of ‘conflagration in the region’ as Israeli war cabinet considers response
Tehran believes calibrated missile and drone barrage is enough to restore deterrent and bolster image
Republicans call for vote on stalled funding package as Iran’s attack adds urgency to divisive issue
