The US and European allies have imposed new sanctions on Iranian military leaders and weapon makers in response to Iran's missile and drone attack on Israel. The sanctions aim to degrade Iran's military industries and block steel exports bringing in billions of dollars. Israel has been urged to show restraint, but it remains uncertain whether the sanctions will deter Iran's military activities or dissuade Israel from retaliating. Tensions continue to rise, with Iran vowing to strike back if Israel attacks, and the UN considering a Palestinian bid for full membership. The US vetoed the measure, emphasizing the necessity of a negotiated settlement for a Palestinian state.