A US official confirms to me that Israel has carried out a strike against Iran. Both the official and another senior US official say Israel indicated they would not attack nuclear targets. US didn't 'green light' this attack, the 2nd official told me.

BREAKING: Israeli officials notified the US earlier today they planned to retaliate in the next 24-48 hours, sources told Peter Martin and me.

Some Chips Act thoughts…🧵

600 firms want a slice of a $39b grant pool. With Micron’s $6.1b award next week, almost 85% of that money will be spoken for — vast majority going to four companies that’ll produce advanced chips

Here’s what’s been announced (or legislated) so far:

TIK TOK: Speaker Mike Johnson says in message to conference the package will include TikTok divestment bill

Experts estimate Israel, US, & its partners spent over $1 bil thwarting Iran’s weekend attack on Israel, w/ defensive missiles costing $2-3 mil a pop.

Estimates for the cost of Iranian drones & missiles vary, but often are a fraction of that.

bloomberg.com/news/articles/…

Here we go...

Jake Sullivan: “In the coming days, the United States will impose new sanctions targeting Iran, including its missile and drone program as well as new sanctions against entities supporting the IRGC and Iran’s Defense Ministry.”

$1 billion: The US has spent nearly $1 billion in munitions to combat attacks on shipping in the Red Sea by Iran-backed Houthi rebels, Navy's Carlos Del Toro says. via Bloomberg

Israeli officials say they will definitely respond to Iran’s weekend attack.

Some of Israel’s options may include attacking Iran’s nuclear program, military targets in Iran, or Iranian forces & proxies outside Iran. First 2 especially risk escalation.

bloomberg.com/news/articles/…

Biden’s Latin America Push Falls Short as Migrant Crisis Grows

Our story on the factors sending millions of migrants to the Mexico-US border, and the challenges facing the president as he pursues reelection.

With Patricia Laya Maya Averbuch

bloomberg.com/news/articles/…

UKRAINE : Speaker Mike Johnson predicts Friday evening votes on Ukraine, Israel, Taiwan bills

Signals from #Israel appear to indicate a military response to #Iran has been decided & maybe imminent.

If it’s direct & overt action, that’d be a bold move, sharply against the urging of everyone that backed #Israel ’s defense on Sunday — #Biden , US military, UK, #Jordan & Gulf.

For latest developments in the wake of Iran’s attack on Israel, including how Israeli leaders are considering a response, check out Bloomberg’ live blog, pulling relevant updates from around the world.

bloomberg.com/news/live-blog…

Iran has launched drones toward Israel, an Israeli military spokesperson said Saturday, according Bloomberg reporting.

Iran’s Islamic Revolutionary Guard Corps seized an Israel-linked container ship near the Strait of Hormuz between the Persian Gulf and Gulf of Oman on Saturday trib.al/lse5TnD

NEW - several dozen rockets were just launched from #Lebanon towards #Israel , triggering an intense volley of #IronDome interceptions.

NEWS: China is providing Russia with significant quantities of components to build cruise missiles and drones as well as optical parts for tanks and armored vehicles, allowing Moscow to ramp up defense production in its war against Ukraine, senior US officials said.

In 2021, the US had to push Japanese PM Suga to mention Taiwan in a joint statement for 1st time since 1969. Biden-Kishida statement mentions Taiwan and has lots more tough language related to China that illustrates the dramatic shift in Japan