Masters in the Metaverse.

Hedging against a new world.

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1. Iran’s weekend aerial attack on Israel was designed to cause mass casualties and infrastructure damage, senior U.S. officials said, an assessment that complicates deliberations on how to respond to Tehran and its military allies in the coming weeks. The Biden administration on Sunday hailed a unified defense of Israel that included U.S., U.K. and French air power and allied Arab states, such as Jordan. Their anti-drone and anti-missile capabilities, combined with Israel’s Iron Dome air defense system, shot down 99% of the more than 300 munitions Tehran and its proxies fired into the Jewish state from Iran, Iraq, Syria and Yemen on Saturday. Senior U.S. officials said neutralizing the assault was a strategic victory for Israel and its partners, and opens a window to de-escalate tensions in a Middle East region already on edge from Israel’s six-month war in the Gaza Strip. (Source: semafor.com)