Ian Bremmer's Quick Take: A Quick Take to kick off your week. No, not US elections, that'll be next week. This week. Want to talk about the Middle East and the fact that the Israelis almost a month after Iran launched 180 ballistic missiles at Israel, though most of them didn't get through and no Israeli deaths on the ground, nonetheless, the Israelis expected to respond. And respond they finally have.

Military targets that they focused on. They did some damage, caused more damage to Iran than the Iranians did to Israel during their attack. That's clearly a message that the Israelis intended to send in terms of their ability to have dominance over both escalation and deterrence between the two. Iranian Supreme Leader Khamenei, on the back of that, said not to exaggerate or downplay the strikes, that the Iranians will respond, but also the Iranians said that they fully intercepted the Israeli attack. In other words, nothing big to see here. Crude oil down about 6% today. In other words, this is the end of this escalation cycle between Iran and Israel.