Possible scenario
Expanded Direct Exchange
25% Chance
The confrontation broadens beyond a single retaliatory strike, with the United States targeting more IRGC naval, missile, and command facilities inside Iran. This is less likely than containment but plausible because the recent sequence already includes strikes on ships, U.S. housing, and U.S. vessels.
Initial impacts
- Riskier companies' borrowing costs Up
- Market volatility Up
- 10-year Treasury yield Down
- Oil prices Up
- US dollar Up
- Bitcoin Down
Secondary impacts
- Energy
Portfolio impact
S&P 500-2.5%
Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.
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