Today, Israel launched a large-scale military operation against Iran, targeting key nuclear facilities and senior military leadership. In response, Iran has retaliated with a drone strike.

Israeli officials have indicated that the operation will extend over several days, so it seems that nuclear negotiations are off the table for now.

As we head into the weekend, expect heightened market volatility and continuous media coverage—factors likely to intensify investor uncertainty and strain broader market sentiment.

Hopefully, as seen earlier this year, Iran’s response will remain measured and limited. Regardless, we are closely monitoring the situation and will advise clients should any action become necessary.

Further updates to follow.

Rick Maggi, Westmount Financial