In the five days since the US and Israel launched strikes on Iran, which has retaliated against Israel and US assets in the Gulf, the conflict has rapidly reverberated around the rest of the globe. Yesterday, the North Atlantic Treaty Organization (NATO) entered the conflict for the first time, shooting down a missile headed toward Turkey from Iran.

The target of the missile was unknown, but a US Navy destroyer intercepted the projectile after it entered Turkish airspace, and debris fell about 60 miles from an air base that Turkey shares with US military forces:

• NATO condemned the attempted strike, but Defense Secretary Pete Hegseth said the incident did not trigger NATO’s collective defense agreement, under which an attack on one member is considered an attack against all its members.
• The Turkish defense ministry said that despite there being no casualties, “We reserve the right to respond to any hostile act directed at our country.”
• Iranian state media said this morning, “The Armed Forces of the Islamic Republic of Iran respect the sovereignty of the neighboring and friendly country, Turkey, and deny any missile launch toward that country’s territory.”

Other NATO allies are also on alert: France and the UK said this weekend they would send warships and helicopters to Cyprus after an Iranian drone attacked a British air base on the island.

Tensions rise thousands of miles away

To the east. South Korean stocks took a nosedive yesterday, recording the market’s worst single-day drop, amid fears of higher energy and oil prices spurred by the war. The country’s Kospi index dropped over 12% as panic triggered a 20-minute trading halt. But today, the Kospi index has rebounded by 10% as of 4am ET and is on track to have its best day since 2008.

To the west. On Tuesday, President Trump threatened to cut off trade with Spain after the country’s leaders said it wouldn’t allow the US to use its jointly operated military bases in attacks on Iran. In response, Spanish Prime Minister Pedro Sánchez amped up criticism of the war.

In further escalation of the actual conflict, Hegseth said yesterday that a US submarine sank an Iranian warship off the coast of Sri Lanka in international waters. This marks the first time a US sub has attacked a surface vessel since World War II. Here are the latest updates.—MM

  Bessent says 15% tariffs to start this week. The 10% global tariff that President Trump imposed after the Supreme Court struck down most of his previous tariffs will rise to 15% (the highest it’s allowed to go under the law Trump is now using to levy the import duties) this week, Treasury Secretary Scott Bessent told CNBC. The law that authorizes the new tariffs only allows them to be in place for 150 days—time Bessent said the government would use to reinstate the tariffs nixed by the high court under new legal rationales. He predicted tariffs would return to earlier levels “within five months.”

Apple unveils a $599 Mac. The MacBook Neo, a colorful, lightweight laptop that runs on an iPhone chip, starts at a historically low price for the company, whose next cheapest laptop costs $999. It’s a sign that Apple, which has long positioned itself as a purveyor of only high-end tech, has begun to think different about affordability and is looking to compete with entry-level PCs and Chromebooks. The low-cost MacBook caps off a week of product announcements, which also included an updated affordable iPhone model…plus new MacBook Pro and MacBook Air models with higher prices.

Elon Musk testified about his tweets about buying Twitter. The owner of what is now known as X took the stand yesterday in a lawsuit accusing him of using the platform to drive down its stock price to get a better deal on buying it. At issue is a tweet Musk fired off saying the deal was “on hold,” as he looked into the app’s bot problem—precipitating a drop in Twitter’s stock price. Musk said in his testimony that it was not his “wisest tweet” but also not his “stupidest.” He testified he did not post that the deal was canceled and hadn’t meant to harm investors.—AR

If you’re wondering if that guy (you know it’s a guy) at the table across from you might be recording you with his smart glasses, there’s a new app called Nearby Glasses that detects surveillance spectacles, giving you a good reason to pay your tab and leave.

The app, which is only available for Android, was created in response to reports that Meta Ray-Ban smart glasses have been used in immigration raids and to harass sex workers, per 404 Media, and as a way to guard against the potentially invasive tech.

Here’s how the app works:

• It searches for Bluetooth signals, like the ones assigned to smart glasses, and sends the user a notification.
• It won’t give a precise location (it’s Nearby Glasses, not Exact Glasses), but it does find signals within 10 to 32 feet of the user indoors, and 32 to 50 feet outdoors.

Only getting more intrusive: The New York Times reported last month that Meta is considering adding facial recognition technology to its glasses.

Meanwhile…on Tuesday, Deveillance announced Spectre I, a device it says prevents smart devices and AI recorders from “collecting conversations and turning them into data.”—DL

Why not pregame your middle seat assignment by hanging out in another small enclosure first? It may sound counterintuitive, but some credit card companies and airlines are responding to widespread overcrowding at airport clubs with tinier lounges that aren’t even designed for lounging. American Express opened its first one, called Sidecar, in Las Vegas yesterday.

True to its name, Sidecar is a miniature companion to AmEx’s flagship Centurion Lounge, which also has a location at Sin City’s airport and costs AmEx Platinum cardholders $895/year to access. But Centurion has become notorious for long lines, so the company hopes to appease its masses with a bougie, pit-stop-focused alternative:

• The new lounge is 1,500 square feet (vs. the nearby Centurion’s 13,000 square feet), and you can’t enter until 90 minutes before departure. There are also only 33 seats.
• What it lacks in amenities—no buffets, showers, family rooms, or lounger-style seats—it makes up for with lobster rolls, black garlic aioli, and other menu frills.

Lounges may be having their tiny-home moment. Last year, American Airlines opened its first 10-seat, grab-and-go version of its flagship Admirals Club, free to access for holders of its $595-per-year credit card. JetBlue also recently launched its first airport lounge with a 140-person capacity to minimize overcrowding—though that’s quite the party compared with Sidecar.—ML

Planning to see a Broadway show on your own? You’re not alone—even though you will be at the show:

• Solo theatergoers purchased nearly 20% of Broadway tickets, according to data from the Broadway League cited by NPR.
• That’s double the rate of just a few years ago, NPR reported.

The rise of people who want to see a show without having to discuss it over an overpriced dinner in the theater district afterward reflects a broader cultural shift toward doing things alone. People are also traveling, eating at restaurants, and watching movies and concerts all by themselves in greater numbers, a social psychologist told NPR. Looks like we’ve all become a pack of loners.—AR