On February 28, 2026, a joint operation between the US and Israel killed Iran's top leader, Khamenei, and the global stock markets immediately experienced turbulence. This is not the first time markets have faced such shocks, and it won't be the last. Forty years of Middle East conflict history reveal a very consistent pattern: the form of war changes, but market reactions never do. Understanding this pattern is a prerequisite for protecting and increasing capital value in the current environment.

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