Market reaction if Iranian leader Khamenei was taken out in a strike and the ‘war’ was essentially over?

The author posits a hypothetical scenario where a major geopolitical conflict (implied US-Iran) ends abruptly with the removal of Iran's leader. Historically, markets react negatively to the uncertainty at the start of wars. A sudden and decisive end to such a conflict would remove this uncertainty and geopolitical risk premium, likely causing a relief rally. The author believes that a swift end to a major conflict would be a bullish event for the broader market, as it removes a significant headwind and source of volatility. The scenario is entirely hypothetical. The conflict could escalate, not end. The market may have already priced in the conflict's risks, leading to a muted reaction. A power vacuum could create more instability.