Possible scenario
Iran Retaliates First
20% Chance
Tehran acts before a new US attack, using calibrated military pressure to raise the cost of escalation. The most likely Iranian moves are reversible naval harassment, militia attacks, or missile alerts designed to deter Washington without forcing an all-out US response.
Initial impacts
- Riskier companies' borrowing costs Up
- Market volatility Up
- 10-year Treasury yield Down
- Oil prices Up
- US dollar Up
Secondary impacts
- Energy +3.5%
Portfolio impact
S&P 500-1.4%
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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