Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) Iran has dispatched a warship to the Red Sea after the US Navy destroyed three Houthi boats, a move that risks ratcheting up tensions and complicates Washington's goal of securing a waterway that's vital to global trade.

(2) Israel's Supreme Court overturned a highly contested law aimed at weakening the justices' own power in a loss to Prime Minister Benjamin Netanyahu's right-wing coalition.

(3)  ASML canceled shipments of some of its machines to China at the request of US President Joe Biden's administration, weeks before export bans on the high-end chipmaking equipment came into effect, people familiar with the matter said.

(4)  At least 30 people were killed and scores injured in a powerful earthquake that hit off the Noto Peninsula on Japan's northwest coast, toppling buildings, buckling roads and triggering a blaze that ripped through a city. 

(5) Britain's push to become a "space superpower" is being undermined by political disarray and weak domestic investment, while showing how the nation needs international partners more than ever post-Brexit.