While the initial furore seems to have abated after the US killing of Major General Qassem Soleimani, the head of Iran's elite Islamic Revolutionary Guard Corps Quds Force, the ripple effects will continue to spread across the region.
The Financial Action Task Force (FATF) avoided a decision to return Iran to its blacklist of countries not doing enough to combat money laundering. Iran’s continued litany of financial crime failings further undermines the future of the country’s nuclear deal with Western governments.
A flare-up in the skies above Israel and Syria over the weekend has put a strain on Binyamin Netanyahu’s close ties with Vladimir Putin. The clash also makes it clear that Moscow is the boss when it comes to the Middle East.