Axios

The U.S. will impose new sanctions on Iran's missile and drone program after the country's unprecedented attack on Israel over the weekend, White House national security adviser Jake Sullivan announced Tuesday evening.

Why it matters: President Biden is urging Israeli Prime Minister Benjamin Netanyahu to exercise military restraint. But in the economic sphere, the administration is demonstrating a willingness to retaliate against Iran.

Iran's unprecedented attack on Israel over the weekend was likely one of the largest — if not the largest — combined drone-missile barrages ever launched.

Why it matters: Iran's drone and missile salvo, and Israel and its allies' defensive measures, featured a complex array of technologies that cost both countries and their allies billions of dollars over several decades to develop.

Secretary of State Antony Blinken told a group of American Jewish leaders on Tuesday that further escalation with Iran is not in the interests of either the U.S. or Israel, three people who attended the meeting told Axios.

Why it matters: The Biden administration and several other Western countries allied with Israel are urging Benjamin Netanyahu's government not to rush into a retaliation against Iran that could lead to a regional war.

Many Latino students are missing out on a growing trend that requires high schools to teach personal finance.

Why it matters: Compared to their white counterparts, Latinos have lower rates of bank account ownership, savings and investments. Teaching a new generation about building wealth could alter the future for many families — especially since nearly 30% of the K-12 population is Hispanic.

Cyberattacks are likely to be high on the list of options Israel and Iran are considering this week as they map out retaliatory actions, experts say.

Why it matters: Iran's drone and missile attack against Israel on Saturday brought the two nations into unprecedented territory.

China's communist government is complicit in the U.S. fentanyl epidemic, subsidizing the manufacturing of fentanyl materials, according to a new House report.

Why it matters: The bipartisan investigation uncovers fresh details about the Chinese Communist Party's pivotal role in the illicit fentanyl trade as overdoses in the U.S. continue to surge.

The Olympic flame for the summer games was lit on Tuesday during a ceremony in Ancient Olympia, Greece.

The big picture: The flame is now making its way to Athens during an 11-day relay, after which it will be handed off to the organizing committee of the Paris games.

The decades-long proxy war between Israel and Iran entered an unprecedented chapter over the weekend after Iran launched a massive drone and missile attack against Israel in retaliation for an April 1 Israeli airstrike on its embassy compound in Syria that killed a top Iranian general and others.

Why it matters: The two countries risk sparking an overt war that could devolve into a wider Middle East conflict if they cannot avoid further escalation.

Israeli Minister of Defense Yoav Gallant told Defense Secretary Lloyd Austin Sunday that Israel has no choice but to respond to the unprecedented missile and drone attack launched by Iran over the weekend, a U.S. official and another source briefed on the call told Axios.

Why it matters: The Biden administration and several other Western countries allied with Israel are urging Benjamin Netanyahu's government not to rush into a retaliation against Iran that could lead to a regional war.

Salman Rushdie said the U.S. faces a "bad moment" for free speech, with censorship pushes coming from the left and right of politics.

The big picture: In his first major TV interview since the stabbing onstage in New York that nearly killed him, the British-American author told CBS' "60 Minutes" in an interview airing Sunday "there seems to be a kind of growing orthodoxy, particularly amongst young people, that censorship … is a good thing."

The House on Sunday teed up more than a dozen new votes for this week on bills sanctioning Iran and its proxies in retaliation for a wide-ranging drone attack on Israel.

Why it matters: The switch-up from Republicans' plan to vote on several appliance-related "messaging" bills comes as lawmakers in both parties are pressing President Biden take a hard line against Iran.