Geopolitical crisis reshapes markets.

Geopolitical crisis reshapes markets. US and Israeli strikes on Tehran killed Iranian Supreme Leader Ayatollah Ali Khamenei, triggering immediate market volatility and safe-haven demand. Oil surged with Brent crude reaching $82.37 per barrel and WTI at $80.82 as the critical Strait of Hormuz faces disruption affecting 20 percent of global oil supply. Equity futures plummeted with Nasdaq futures down 1.1 percent and S&P 500 E-minis falling 0.9 percent. Gold climbed approximately 1 percent as investors fled to safety. Iran's retaliatory missile strikes across the Middle East have escalated tensions further, with France, UK, and Germany warning of potential direct military intervention. Fed Fund Futures for December dropped 3 basis points, signaling traders expect potential interest rate cuts as central banks assess economic shock from prolonged regional conflict.