The Open Newsletter

Reprisal: The Bloomberg Open, Asia Edition

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Good morning. Iran launches a barrage at Israel. PBOC is set to hold its MLF rate steady. And Scottie Scheffler is leading at the Masters.

Israel and allies mostly foiled a Iranian drone and missile attack, with no fatalities and an army base lightly damaged. Tehran declared the operation a success, and said it will take no further action unless Israel retaliates. Joe Biden told Benjamin Netanyahu that US support was “ironclad.” A diplomatic race is underway to prevent any retaliation from Israel from raising the stakes too high.