• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

2

Indeed chief economist says we’re entering an era of ‘great mismatch’ thanks to a generational imbalance of workers

3

Microsoft reports are exposing AI's real cost problem: Using the tech is more expensive than paying human employees

1

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

2

Indeed chief economist says we’re entering an era of ‘great mismatch’ thanks to a generational imbalance of workers

3

Microsoft reports are exposing AI's real cost problem: Using the tech is more expensive than paying human employees
PoliticsMiddle East

Israel’s limited attack on Iran may help foster a regional deal

By
Ethan Bronner
Ethan Bronner
and
Bloomberg
Bloomberg
Down Arrow Button Icon
By
Ethan Bronner
Ethan Bronner
and
Bloomberg
Bloomberg
Down Arrow Button Icon
October 26, 2024, 10:29 AM ET
Daily life continues following Israel's announcement of strikes on military targets, in Tehran, Iran on Oct. 26.
Daily life continues following Israel's announcement of strikes on military targets, in Tehran, Iran on Oct. 26.Fatemeh Bahrami—Anadolu via Getty Images

Israel’s assault on Iran early Saturday, coordinated with Washington and limited to missile and air defense sites, was more restrained than many expected and may help diplomatic efforts to return hostages and limit the combat in both Lebanon and Gaza. 

Recommended Video

Israel held off until US Secretary of State Antony Blinken returned to Washington from four days of consultations with Israeli and Arab allies.

In a set of sorties under cover of darkness, and likely over hostile territories including Syria and Iraq, dozens of Israeli warplanes flew thousands of kilometers. Refueling in midair, they targeted military sites in three provinces in retaliation for Iran’s firing of ballistic missiles at Israel on Oct. 1. 

Israel distributed videos of Prime Minister Benjamin Netanyahu and military chiefs coordinating from a defense ministry bunker, a rare acknowledgment of an attack on the Islamic Republic and an expansion of what has been until now mostly a shadow war.

But it avoided oil, nuclear and civilian infrastructure sites, in keeping with a request from the administration of US President Joe Biden, which is leading attempts to find solutions to the crises set off by the brutal attack on Israel a year ago from Iran’s proxy in Gaza, Hamas. Defense Minister Yoav Gallant said he was in close touch with US Defense Secretary Lloyd Austin throughout.

Israel’s restraint on Saturday allowed Iran to dismiss it as ineffective, possibly setting the stage for a restrained response or no response at all.

Iran’s First Vice President Mohammad Reza Aref, posted on his X account, “Iran’s power has humiliated the enemies of the motherland,” while state TV interviewed children going to school and people exercising. The official Tasnim news agency spoke only of “reserving the right to respond.”

Israeli spokesmen portrayed the attack in a different light, as evidence of its deep knowledge of Iran’s military outposts, its ability to hit anywhere in the country and to send a message to the regime in Tehran.

“The ball is now in the Iranian court,” Amos Yadlin, a former director of Israel’s military intelligence, said on Channel 12 even before the attack ended. The goal, he said, was to make clear what Israel is capable of doing.

The operation was codenamed “Days of Penitence,” a reference to the period in the Jewish calendar just ending and suggesting it was meant to bring about regret, a rethink and new resolutions — perhaps among friend and foe alike.

US regional allies like Saudi Arabia condemned the Israeli attack as a violation of Iranian sovereignty but the suspicion among Israeli officials was that Riyadh was comfortable with the level of Israel’s response.

Israeli political leaders to Netanyahu’s right and left criticized the assault as a missed opportunity to make a more substantial strategic point that exhibited what they have characterized as indecisiveness. 

But others noted that Netanyahu’s harsh attacks on Lebanon’s Hezbollah in recent weeks have made a huge difference in restoring Israel’s deterrence, shattered by the Oct. 7 attack by Hamas which killed 1,200 people, with another 250 abducted.

Hezbollah has been shelling Israel for a year in solidarity with the Palestinians in Gaza, who’ve been under Israeli attack. Both organizations, considered terrorist groups by the US and others, say their goal is the destruction of the Jewish state. 

Israel has not only sent troops into southern Lebanon but killed and wounded the group’s top leaders and eliminated many missile launchers and storage sites. 

It has long been predicted that if Israel were to attack Iran, Hezbollah would fire thousands of long-range missiles at Israel’s population centers for weeks, causing serious damage and death. 

So far, Hezbollah has been able to fire only a handful of such missiles. With the Hamas militia also heavily degraded, the threat from it is greatly reduced. Israel’s war on Hamas has killed some 42,000 Gazans, according to Hamas officials, who don’t distinguish between fighters and civilians. It’s also reduced much of the coastal strip to rubble in a war that’s been heavily condemned around the globe.

The US and other powers are trying to restore Lebanon’s army and political structure and move Hezbollah away from the border with Israel. They also hope to get the 100 or so Israeli hostages still held by Hamas back home and make arrangements for rebuilding and governing Gaza that excludes Hamas and the Israeli military. 

Israel’s limited response on Saturday may accelerate those processes, including bringing in the United Arab Emirates and other Gulf nations into the rebuilding of Gaza, if a cease-fire can be worked out. 

Little of significance is likely to happen now until the US presidential election on Nov. 5 — and Israel’s next steps will probably depend on whether Donald Trump or Kamala Harris wins. 

Subscribe to Fortune Gulf Brief. Every Tuesday, this new newsletter will deliver clear-eyed, authoritative intelligence on the deals, decisions, policies, and power shifts shaping one of the world’s most consequential regions, written for the people who need to act on it. Sign up here.
About the Authors
By Ethan Bronner
See full bioRight Arrow Button Icon
By Bloomberg
See full bioRight Arrow Button Icon

Latest in Politics

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Politics

o
PoliticsOregon
Oregon Democrats wrote a gas tax, watched it get destroyed and now Jeff Merkley has a fight
By Claire Rush and The Associated PressMay 23, 2026
1 hour ago
t
North AmericaMedia
‘Hello, Goodbye’: Paul McCartney closed the lights on a Late Show that CBS couldn’t cancel quietly
By Mark Kennedy and The Associated PressMay 23, 2026
1 hour ago
t
PoliticsCongress
Rebellious Republicans find voice in Trump apostate Thom Tillis: ‘stupid on stilts’ and a ‘payout for punks’
By Lisa Mascaro, Joey Cappelletti and The Associated PressMay 23, 2026
2 hours ago
mitch
PoliticsWhite House
Even Mitch McConnell is mortified by Trump’s $1.8 billion ‘slush fund to pay people who assault cops’
By Eric Tucker, Alanna Durkin Richer and The Associated PressMay 23, 2026
2 hours ago
t
PoliticsWhite House
Trump was supposed to talk about the economy. Instead he asked why toiletries are locked up in pharmacies
By Nick Lichtenberg, Seung Min Kim, Darlene Superville and The Associated PressMay 23, 2026
3 hours ago
trump
North AmericaWhite House
4 ways Trump is following the Venezuela playbook with Cuba, and one where he isn’t
By Ben Finley, Matthew Lee, Farnoush Amiri, Konstantin Toropin and The Associated PressMay 23, 2026
3 hours ago

Most Popular

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year
Success
Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year
By Preston ForeMay 21, 2026
2 days ago
Indeed chief economist says we’re entering an era of ‘great mismatch’ thanks to a generational imbalance of workers
Success
Indeed chief economist says we’re entering an era of ‘great mismatch’ thanks to a generational imbalance of workers
By Emma BurleighMay 22, 2026
1 day ago
Microsoft reports are exposing AI's real cost problem: Using the tech is more expensive than paying human employees
AI
Microsoft reports are exposing AI's real cost problem: Using the tech is more expensive than paying human employees
By Jake AngeloMay 22, 2026
1 day ago
Apple’s Steve Wozniak says he cofounded the tech giant after 5 rejections from HP—not to ‘make money.’ For years, his paycheck was just $50
Success
Apple’s Steve Wozniak says he cofounded the tech giant after 5 rejections from HP—not to ‘make money.’ For years, his paycheck was just $50
By Preston ForeMay 22, 2026
1 day ago
Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 
Workplace Culture
Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 
By Preston ForeMay 19, 2026
4 days ago
Despite a $500 million net worth, Shaq just finished his fourth degree. He warns graduates: 'Your character will take you further than your resume'
Success
Despite a $500 million net worth, Shaq just finished his fourth degree. He warns graduates: 'Your character will take you further than your resume'
By Preston ForeMay 20, 2026
3 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.