Possible scenario
Calibrated Armed Escalation
28% Chance
The IRGC or aligned Iraqi factions may pair the political message with measured attacks to prove that the U.S. position is deteriorating. Tehran's likely preference is escalation that raises costs for Washington while stopping short of an uncontrolled regional war.
Initial impacts
- Riskier companies' borrowing costs Up
- Market volatility Up
- 10-year Treasury yield Down
- Oil prices Up
- US dollar Up
Secondary impacts
- Energy +2.4%
Portfolio impact
S&P 500-1.0%
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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