This week, Germany bets big on its future as parliament approves Friedrich Merz’s bold €1 trillion push for defense and infrastructure, shattering borrowing limits to counter Russia and cut reliance on the US. Is the debt gamble worth it? In the Middle East, Israel’s renewed assault on Gaza shatters a fragile ceasefire, killing more than 400 and igniting protests in Jerusalem. Political maneuver or military necessity? And Iran is back in President Trump’s crosshairs, having been warned over Houthi attacks and given a two-month deadline to strike a nuclear deal. Will tensions explode? Bobby Ghosh, Stefan Kornelius, Catherine Philp join Ivo Daalder on World Review to weigh the risks, motivations, and consequences of this week’s geopolitical power plays.