The conflict between Israel and Iran is escalating, as noted by Tuomas yesterday. The operation of Mossad in Iran also continues with, e.g., the leading figures of the Iranian regime getting assassinated daily. Iranian leadership seems unrattled by this, which should not be a surprise considering how long they (like Israel) have been preparing for this conflict.
Israel is also getting seriously bounded by Iranian missile attacks. According to reports, Iran used modern hypersonic missiles for the first time last night. Reports from Hebrew media have indicated that they struck without warning and that the missiles are nearly impossible to detect or to intercept.
These developments push the conflict into a second, much more dangerous, phase. This is why we, with extremely heavy hearts, issue a warning of a possibility of a nuclear strike in the Middle East.
Keep reading with a 7-day free trial
Subscribe to GnS Economics Newsletter to keep reading this post and get 7 days of free access to the full post archives.