What's Happening
Iran has launched retaliatory strikes against U.S. and Israeli targets following a coordinated military operation by the two nations. The operation reportedly targeted key Iranian military and political sites, including the compound of Supreme Leader Ayatollah Ali Khamenei, which has been destroyed.
Market Impact
Defense stocks are expected to rise as tensions escalate, while oil prices may see volatility due to potential disruptions in the Middle East. Investors are closely monitoring developments for further geopolitical risks.
Broader Implications
The strikes have heightened global tensions, prompting emergency meetings among European leaders and raising concerns about a broader regional conflict. The situation underscores the fragile geopolitical balance in the Middle East.
