The world woke up to a different market on Saturday morning. The United States and Israel launched a joint military operation against Iran on February 28, codenamed Operation Epic Fury by the Pentagon and Operation Roaring Lion by Israel, striking targets across Tehran, Isfahan, Qom, and other cities. Supreme Leader Ali Khamenei was killed in the strikes, according to CNN citing two Israeli sources. Trump announced it publicly, though the situation on the ground in Iran remains fluid. By Sunday morning, the conflict had not stopped. US-Israeli strikes continued into a second day, while Iran's government — now operating without its supreme leader but with its military command structure reportedly still intact — launched fresh attacks on Israel and on US targets in Gulf states, Iraq, and Jordan. Iran also appointed a temporary leadership council, with top security official Ali Larijani announcing it and warning of severe consequences ahead.