The successes of Israel's foreign intelligence service in Iran have reportedly been spectacular. But former intelligence officials and experts warn against premature euphoria.

An investigation by The Associated Press earlier this year uncovered that the Israeli military uses U.S.-made AI models in war to sift through intelligence and intercept communications to learn the movements of its enemies. It’s been used in the wars with Hamas in Gaza and with Hezbollah in Lebanon.

Iran responded to this aggression by unleashing the two largest ballistic missile attacks ever launched against Israel. But Israel, backed by the U.S. military and other partners, repelled those attacks and incurred little damage.

The Israeli military has damaged critical nuclear infrastructure and killed scientists, but Tehran’s most formidable enrichment plant remains.

Israel’s campaign, militarily and rhetorically, has quickly evolved beyond its initial targets. Over the weekend, it hit Iran’s energy facilities, including a gas depot and an oil refinery, triggering huge fires and spewing smoke across the sprawling capital of about ten million people.

The missile and air war that Israel and Iran have spent decades planning for has come, and it is spectacular and terrifying. Israeli officials say they need at least two weeks to degrade Iran’s nuclear and missile capabilities.

The Singapore dollar strengthens slightly against its U.S. counterpart on possible position adjustments, but gains may be curbed by the Iran-Israel conflict. This conflict is continuing to escalate, Westpac Strategy Group’s Kaitlyn Buhariwalla says in commentary.

Tensions surge between Israel and Iran, spotlighting Ayatollah Ali Khamenei, Iran's supreme leader, as a potential target. Khamenei, who rose from prisoner to absolute authority, controls Iran's military and nuclear program.