How will this end?


The world this week

  • Politics


Leaders

A torn Iranian flag with a missile-shaped negative space at the center of the rip.

Conflict in the Middle East

Where will the Iran-Israel war end?

In a worse place if Donald Trump rushes in

A new “Pug” test

To keep Russia out and America in, NATO must spend more

European members need a hard date to boost their defence budgets

Pedestrians walk past an electronic board showing the Nikkei 225 index on the Tokyo Stock Exchange along a street in central Tokyo, Japan.

A fiscal fable

Japan’s government bonds: this time it won’t end well

Even as interest costs mount, politicians promise handouts

Newborn baby girl yawning in a hospital cot

Baby brain

Why MAGA’s pro-natalist plans are ill-conceived

Efforts to deliver a baby boom either fail or cost a fortune

A billboard showing an ad with two humans peels back to reveal a grid of colorful tiles, symbolizing AI

Computers v creatives

What the “cockroaches” of the ad world teach about dealing with AI

A rosé-soaked meeting in Cannes is like a postcard from the future


Letters

A selection of correspondence

Reforming the NHS


By Invitation


Briefing

Smoke rises from locations targeted in Tehran amid the third day of Israel's waves of strikes against Iran, on Sunday, June 15, 2025

Decisive attack, unknown result

Israel’s blitz on Iran is fraught with uncertainty

Much hinges on the stubborn supreme leader and America’s mercurial president

A satellite image shows the Isfahan enrichment facility

Target acquired

Israel’s race to kill Iran’s nuclear dream

If it fails the regime could make a frantic dash for a bomb

Iran's Supreme Leader Ali Khamenei

Inside the Islamic Republic

Will Iran’s hated regime implode? 

Trump calls for Tehran to “immediately evacuate”


Economic & financial indicators