John Authers, Columnist

A Headless Iran Is Still Dangerous for Markets

Until now, there had been no significant military reprisals to Trump 2.0’s actions.

March 3, 2026 at 4:00 AM UTC

John Authers is a senior editor for markets and Bloomberg Opinion columnist. A former chief markets commentator at the Financial Times, he is author of “The Fearful Rise of Markets.”

Khamanei is gone, but Iranian security are still on the streets.
Source: AFP/Getty

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After one day for markets to react to the news from Iran: