Israel Says Strike Killed Iran’s Larijani as War Intensifies

The people, companies and trends shaping the global economy. Iran has stepped up attacks on Saudi Arabia in recent days, signaling it’s targeting the oil-rich kingdom more aggressively than earlier in the war. Tehran launched almost 100 drones at Saudi Arabia on Monday, far above the previous daily average of less than 25, according to data released by the Saudi defense ministry. The barrage marked the largest single-day strike on the country since the war began. The surge started last week and has since intensified, with attacks increasingly concentrated on the kingdom’s eastern province, home to major oil infrastructure. The escalation underscores Iran’s ability to destabilize the wider Gulf, threatening shipping lanes — particularly the vital Strait of Hormuz — and energy facilities. Iran is relying more heavily on drones than missiles as the conflict drags on. Drones typically carry smaller payloads than ballistic or cruise missiles and tend to cause less destruction, though they can still inflict significant damage depending on the target. Their relatively low cost and ability to be launched in large numbers make them a persistent challenge for air-defense systems. Launches have declined since the start of the war, but that doesn’t mean Tehran is running short of weapons. Despite US and Israeli strikes on stockpiles, launchers and drone factories, Iran remains able to sustain attacks. Today's show features: Dan Williams, Reporter for Bloomberg News Based in Jerusalem and Alex Vatanka, Middle East Institute Senior Fellow Ellen Wald, Transversal Consulting & Atlantic Council Senior Fellow on Oil Markets Mandeep Singh, Global Tech Research Head at Bloomberg Intelligence, on recent Nvidia news Samantha Dart, Co-Head of Global Commodities Research at Goldman Sachs on the latest in oil and natural gas See omnystudio.com/listener for privacy information.