Get the latest market trends in your inbox

Stay on top of the latest market trends and economic insights with the Axios Markets newsletter. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Denver news in your inbox

Catch up on the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Des Moines news in your inbox

Catch up on the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Minneapolis-St. Paul news in your inbox

Catch up on the most important stories affecting your hometown with Axios Minneapolis-St. Paul

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tampa-St. Petersburg news in your inbox

Catch up on the most important stories affecting your hometown with Axios Tampa-St. Petersburg

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

John Bolton. Photo: Chip Somodevilla/Getty Images

Israeli officials told me they are closely following the escalating tensions in the Gulf and that they are concerned that the Trump administration's response against Iran so far has not been strong enough.

Details: The Israeli officials told me that based on the last few weeks, the Iranians believe President Trump wants to avoid military confrontation — which has led them to escalate their provocative actions. The officials said that without some kind of a military action by the U.S. — even a limited one — they believe the Iranians will continue to escalate.

Driving the news: Amid a new round of heightened tensions between the U.S. and Iran, national security adviser John Bolton will travel to Israel on Saturday for a trilateral summit with his Israeli and Russian counterparts. White House officials said the summit in Jerusalem, which will focus on Iranian actions in the region, will go ahead as planned.

Why it matters: This unprecedented summit was organized to address Syria and Iran's continued presence in the country, but the latest escalation in the Gulf will certainly make the scope of discussions much broader. While in Jerusalem, Bolton will have a bilateral meeting with his Russian counterpart Nikolai Petroshev. Russia may be the only country that has leverage over Iran and could help de-escalate tensions. 

What they're saying:

  • The Russian national security adviser Petroshev said in a briefing with reporters in Moscow that during the trilateral summit in Israel, Russia will ensure that Iranian interests in the region are also taken into account. 
  • Israeli Prime Minister Benjamin Netanyahu said in a statement Thursday that the downing of a U.S. drone shows Iran has intensified its aggression against the United States. Netanyahu added: "I repeat my call for all peace-loving countries to stand by the United States in its effort to stop Iranian aggression. Israel stands by the United States on this."

Go deeper

Felix Salmon, author of Capital
3 mins ago - Economy & Business

The places regulation does not reach

Illustration: Aïda Amer/Axios

Financial regulation is not exactly simple anywhere in the world. But one country stands out for the sheer amount of complexity and confusion in its regulatory regime — the U.S.

Why it matters: Important companies fall through the cracks, largely unregulated, while others contend with a vast array of regulatory bodies, none of which are remotely predictable.

Trump nominee Christopher Waller confirmed to Fed board

Christopher Waller at a Senate Banking hearing earlier this year. (Photo: Sarah Silbiger/Getty Images)

The Senate voted 48-47 on Thursday to confirm Trump nominee Christopher Waller to the Federal Reserve Board of Governors — filling one of the two vacant slots on the influential economic body.

Why it matters: It's one of the last marks left on the Fed board by Trump, who has nominated five of its six members.

48 mins ago - Economy & Business

Boeing gets huge 737 Max order from Ryanair, boosting hope for quick rebound

Ryanair low cost airline Boeing 737-800 aircraft as seen over the runway. Photo by Nik Oiko/SOPA Images/LightRocket via Getty Images

Dublin-based Ryanair said it would add 75 more planes to an existing order for Boeing's 737 Max airplanes, a giant vote of confidence as Boeing seeks to revive sales of its best-selling plane after a 20-month safety ban following two fatal crashes.

The big picture: Ryanair's big order, on the heels of breakthrough vaccine news, is also a promising sign that the devastated airline industry might recover from the global pandemic sooner than expected.