Oil Slumps as Iran Strike on Qatar Fits De-Escalation Playbook
The remnants of an Iranian missile intercepted over Qatar on June 23.
Photographer: AFPTV via Getty
Good morning. Iran launches limited retaliatory strikes at a US base in Qatar. Copycats derail a slimming-shot alliance. And monied millennials are calling time on the 60/40 portfolio. Listen to the day’s top stories.
Iran fired missiles at a US air base in Qatar after vowing to respond “proportionately and decisively” to Donald Trump’s weekend strikes. Qatar said the barrage at Al Udeid base—the biggest such American facility in the Middle East—was intercepted. Shortly before the attack, Qatar suspended flights over its busy airspace, effectively halting its namesake airline’s operations and forcing multiple carriers’ flights out of position.