Current round of Israel-Iran missile fire exchange is 'behind us,' source tells 'Post'

A source told the Jerusalem Post that the current round of missile exchanges between Israel and Iran is effectively over, with no further escalation expected in the immediate term. The source indicated that the next major phase will depend on the incoming Trump administration's approach to negotiations between Tehran and Washington, particularly as issues in Lebanon emerge. The exchange involved limited strikes, with both sides signaling restraint to avoid a broader regional war. The development follows months of heightened tensions and tit-for-tat attacks, including Israeli operations against Iranian proxies and Iran's direct missile launches. The source emphasized that diplomatic channels, rather than military action, will now shape the trajectory. The statement suggests a temporary de-escalation, but underlying hostilities remain unresolved.

Global Impact

Geopolitically, the pause reduces immediate risk of a broader Middle East conflict, but the underlying Iran-Israel proxy war continues. Economically, lower oil prices could ease inflation pressures in import-dependent economies, benefiting Asian refiners and airlines.