JERUSALEM: Israel faces mounting pressure from allies to show restraint following a weekend missile and drone attack from Iran. The attack has raised fears of a wider war in the Middle East.
Israeli response unclear
Prime Minister Benjamin Netanyahu held a second war cabinet meeting in less than 24 hours to discuss a response. While officials signaled retaliation wouldn’t be immediate and Israel wouldn’t act alone, the meeting’s outcome remains unknown.
Global calls for de-escalation
World leaders, including US President Joe Biden, French President Emmanuel Macron, and UN Secretary-General Antonio Guterres, have urged both sides to exercise restraint. The European Union and several individual countries echoed these calls.
Fears of escalation
The Iranian attack follows months of clashes between Israel and Iranian-backed groups in Lebanon, Syria, Yemen, and Iraq. Israel reported its soldiers were wounded in Lebanon overnight, a potential flashpoint.
Limited damage in Israel
Iran’s attack, involving over 300 missiles and drones, caused minimal damage in Israel, with most projectiles intercepted by Israel’s Iron Dome defense system aided by allies.
Potential for new sanctions
Italy, holding the G7 presidency, raised the possibility of new sanctions against Iran. Sanctions would require G7 agreement and likely target individuals rather than entire nations.
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Markets react
Asian shares fell and gold prices rose on Monday due to heightened tensions. Oil prices dipped after comments from Israeli officials suggesting a delayed response.
Travel disruption and humanitarian concerns
Airlines rerouted flights due to the attack, and Europe advised caution in Israeli and Iranian airspace. Israel relaxed some emergency measures, but authorities remain on high alert.
Iran claims it informed the US about the attack’s limited nature and warned regional neighbors beforehand. The US denies any such warning.
The attack was met with support in Gaza, where Israel is engaged in a deadly military campaign against Hamas. The humanitarian situation in Gaza remains dire, with many displaced from their homes.
Uncertain future
While the immediate threat of an Israeli counter-offensive appears to have lessened, the situation in the Middle East remains tense. International efforts to de-escalate the conflict continue.
