The Economist.

Hello and welcome to the intelligence from The Economist.

I'm Rosie Bloor.

And I'm Jason Palmer.

Today on the show are BYD cars Losing Ground and the Rise and Rise of Companion Podcasts.

But first... Two months after a ceasefire took effect between America and Iran...

Missiles overnight.

Iran struck northern Israel after attacks this weekend on Iran's proxies in Beirut.

Israel responded with fighter jets and force, striking multiple sites across Iran.

This morning, a frail ceasefire looks even frailer. This is the most significant violation of the ceasefire that we've seen since it took effect two months ago. Greg Karlstrom, our

Middle East correspondent, is currently in Riyadh. It's the first time that Israel has gone back to carrying out attacks in Iran.

It's the first time Iran has been firing missiles at Israel. And I think there's a risk here

if the Americans don't intervene and pump the brakes in the coming hours that this could turn

into a more significant resumption of the war.

So Greg, just fill in for us exactly what happened overnight.

So first we saw Iran launch several waves of ballistic missiles at Israel.

This was late on Sunday night local time, which the Iranians said they were doing in response to Israeli air strikes in the Lebanese capital earlier in the weekend.

Israel said those missiles were intercepted.

There were no reports of significant damage on the ground.

Then a few hours later, we saw Israel launch a wave of airstrikes in Iran, attacked missile sites there,

also a petrochemical plant and other targets in Iran. And then as we're speaking now on Monday morning,

there are reports just coming out of Israel that sirens are going off and that there are more

...