What's Happening
Iran launched retaliatory strikes against US and Israeli targets in response to the killing of Ayatollah Khamenei. The strikes have intensified regional tensions, with fears of a broader conflict escalating.
Market Impact
Global markets are experiencing volatility, with investors seeking safe havens like gold, while equities in the Middle East face pressure.
Broader Implications
The retaliation underscores the potential for a protracted conflict, raising concerns about global security and economic stability.