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Iran Supreme Leader Killed in Israeli Strike: Global Markets React

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Iran’s Supreme Leader Ali Khamenei has been killed in Israeli air strikes, according to Iranian intelligence. The Ayatollah’s body was recovered from rubble in Tehran after his compound was hit by 30 bombs on Saturday. Photographic proof was shown to Donald Trump and Benjamin Netanyahu, with Trump confirming the death to NBC News.

Khamenei’s death represents the most serious blow to Iran’s regime since the 1979 revolution. The US and Israel urged Iranians to force regime change, with some celebrating in Tehran streets. Israel’s opening salvo targeted Khamenei’s compound, followed by Iranian retaliation that struck civilian targets across the Middle East, including a Fairmont Palm hotel in Dubai that injured four people.

The assault involved the largest military flyover in Israeli history, targeting military bases, nuclear sites, and government buildings. Trump monitored operations from Mar-a-Lago, announcing Operation Epic Fury while warning Iran against nuclear weapons development. The strikes threaten to destabilize the region and rattle global markets, particularly if Iran blocks the Strait of Hormuz, through which a third of worldwide oil exports pass.