Possible scenario
Limited Direct Strikes
35% Chance
The most likely combat path is a contained U.S.-Israeli strike package against Iranian nuclear, missile, or air-defense facilities rather than a full campaign. Washington and Jerusalem would try to degrade Iran's capabilities while avoiding a declared war or direct attack on Gulf oil infrastructure.
Initial impacts
- Riskier companies' borrowing costs Up
- Market volatility Up
- 10-year Treasury yield Down
- Oil prices Up
- US dollar Up
Secondary impacts
- Energy +3.4%
Portfolio impact
S&P 500-1.5%
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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