Iran Retaliates Indirectly

Iran may avoid a direct military clash with the United States but use proxies, ship harassment, cyber operations, or controlled escalation in the Gulf to raise costs. This path is less likely than passive endurance but plausible because the headline implies near-total revenue deprivation within days.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.