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The U.S. and Israel launched their most aggressive attack ever on Iranian targets over the weekend that killed the Islamic state’s longtime supreme leader Ayatollah Ali Khamenei, thrusting the region into a widening conflict as Tehran retaliates with air strikes across the Middle East.
Here’s what we know so far as investors brace for impacts when markets open after the weekend.
Iran’s state media announced Khamenei’s death early Sunday.
Trump, making the biggest foreign-policy gamble of his presidency ahead of the mid-term election in November, called the killing “the single greatest chance for the Iranian people to take back their Country.”
