Over the weekend, the United States and Israel launched large-scale strikes on Iranian military and leadership targets. Early reports confirm that Iran’s Supreme Leader, Ayatollah Ali Khamenei, was killed in the opening wave. Multiple senior commanders were also killed.
Iran has begun to retaliate and has moved to restrict traffic through the Strait of Hormuz – one of the world’s most important oil chokepoints.
This is not a symbolic flare-up. This is a major escalation with enormous geopolitical and economic implications. Let’s walk through the investment markets to assess the response.
This post originally appeared at InvestorPlace.